|Bid||18.52 x 36700|
|Ask||18.89 x 36400|
|Day's Range||18.25 - 18.25|
|52 Week Range||15.67 - 30.78|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||9.52|
|Forward Dividend & Yield||0.91 (4.75%)|
|1y Target Est||N/A|
Although Murphy Oil Corporation (NYSE: MUR ) offers above-average dividend yield and has a strong balance sheet and the ability to generate healthy free cash flows, its stock trades at a discount to peers, ...
Shares of Murphy Oil were rising nearly 6% after analysts at KeyBanc initiated coverage of the stock at overweight, citing its strong balance sheet and dividend. The firm placed a $24 price target on the company, representing 24% potential upside from the stock's closing price on Friday. KeyBanc sees the El Dorado, Ark., oil company as a defensive investment due to its low valuation since energy is currently out of favor with investors.
Murphy Oil Corp. reported Thursday second-quarter profit and revenue that beat expectations, as reduced downtime and increased drilling efficiencies helped boost production above guidance. Net income rose to $92.3 million, or 54 cents a share, from $45.5 million, or 25 cents a share, in the year-ago period. Excluding non-recurring items, such as a mark-to-market gain on oil derivatives, the adjusted EPS was 21 cents, above the FactSet consensus of 17 cents. Total revenue rose to $709.05 million from $389.58 billion, while revenue from sales to customers, which excludes gains on sales of crude contracts and assets increased 51% to $646.11 million. The FactSet sales consensus was $608.5 million. Production was 159,000 barrels of oil equivalent per day (BOEPD), above the guidance range provided in May of 143,000 to 147,000. The company expects 2019 production to be in 174,000 to 178,000 BOEPD. The stock, which was still inactive in premarket trading, has lost 7.5% year to date, while the SPDR Energy Select Sector ETF has gained 1.3% and the S&P 500 has climbed 15.0%.
Murphy Oil (NYSE: MUR ) unveils its next round of earnings this Thursday, August 8. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Wall Street analysts ...
The El Dorado, Arkansas-based company said it had net income of 23 cents per share. Earnings, adjusted to account for discontinued operations, came to 15 cents per share. The results beat Wall Street expectations. ...
By Shradha Singh and Nivedita Bhattacharjee (Reuters) - Murphy Oil Corp is exiting Malaysia with a $2.13 billion sale of its oil and gas assets there to Thailand's PTTEP and said it will use the proceeds ...
HONG KONG/SINGAPORE (Reuters) - Murphy Oil Corp is nearing a deal to sell its Malaysian oil and gas assets to Thailand's PTTEP PCL, people familiar with the matter said, in the latest energy M&A transaction in the Southeast Asian nation. The independent U.S. oil and gas exploration and production company could announce a deal, valued at just over $2 billion, with the Thai energy company as early as Thursday, said one source, who declined to be identified as the news is not public. Reuters reported in November, citing sources, that Murphy Oil was in talks to sell the assets after an unsolicited bid that could fetch between $2 billion to $3 billion.
The buyer, PTT Exploration and Production Public Co Ltd, will also pay Murphy up to $100 million in bonus if certain exploration projects show results before October 2020, the company said. In February, Houston based Marathon Oil Corp said it would exit the United Kingdom's North Sea oilfields, deciding to focus on the United States instead. Murphy, which also has operations in Canada, Brazil and other regions, said it will focus on the Western Hemisphere - mostly Texas' Eagle Ford basin and the U.S. Gulf of Mexico - for future exploration and production deals.
March 21 (Reuters) - PTT Exploration and Production PCL : * UNIT SIGNED SHARE SALE AND PURCHASE AGREEMENT TO ACQUIRE 100% OF MURPHY OIL CORP'S BUSINESS IN MALAYSIA * TRANSACTION IS BASED ON ENTERPRISE ...
March 21 (Reuters) - Murphy Oil Corp: * MURPHY OIL CORPORATION ANNOUNCES STRATEGIC SALE OF MALAYSIAN PORTFOLIO IN ALL-CASH TRANSACTION VALUED AT US$2.127 BILLION * MURPHY OIL CORP - STRATEGIC EXIT FROM ...
On a per-share basis, the El Dorado, Arkansas-based company said it had net income of 59 cents. Earnings, adjusted for one-time gains and costs, were 31 cents per share. The results surpassed Wall Street ...
If you are looking for value as dividend investor in the Oil & Gas Exploration & Production industry, consider Murphy Oil Corp. (MUR), a Dorado, Arkansas-headquartered petroleum and natural gas production and exploration company. It currently distributes a 25 cents cash quarterly dividend per ordinary share, with a forward dividend yield of 4.27% according to the stock price at close on Friday. The forward dividend yield of Murphy Oil is interesting because it is higher than the industry average of 3.52% and the S&P 500 index of 2.17%.
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This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on November 8. The current level displays a positive indicator.
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