29.23 -0.00 (-0.01%)
After hours: 4:26PM EDT
|Bid||26.80 x 2200|
|Ask||52.00 x 800|
|Day's Range||28.79 - 29.52|
|52 Week Range||21.51 - 36.53|
|Beta (3Y Monthly)||2.25|
|PE Ratio (TTM)||12.39|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||1.00 (3.53%)|
|1y Target Est||32.21|
Murphy Oil (MUR) announced that its subsidiary has entered into an agreement to sell two of its Malaysian assets in an all-cash transaction worth $2.2127 billion.
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Moody's Investors Service has affirmed PTT Exploration and Production Public Co. Ltd.'s (PTTEP) Baa1 issuer rating and the Baa3 rating on its subordinated perpetual capital securities. At the same time, Moody's has also affirmed the Baa1 rating on the senior unsecured notes issued by PTTEP Canada International Finance Limited and the Baa3 rating on the subordinated perpetual capital securities issued by PTTEP Treasury Center Company Limited.
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Murphy Oil's (MUR) subsidiary enters into an agreement to sell Malaysian assets. It intends to utilize the proceeds to develop domestic oil assets, strengthen its balance sheet and buy back shares.
* Philippines posts highest weekly gain in 11 weeks * Vietnam snaps three straight sessions of losses By Shreya Mariam Job March 22 (Reuters) - Most Southeast Asian stock markets ended higher on Friday, ...
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.
Moody's Investors Service ("Moody's") affirmed Murphy Oil Corporation's (Murphy) Ba2 Corporate Family Rating (CFR), its Ba2-PD probability of default rating (PDR) and Ba2 rating of its senior unsecured notes rating. The company's Speculative Grade Liquidity (SGL) Rating was affirmed at SGL-1.
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.
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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 ...
Shares of Murphy Oil Corp. rallied 4.1% toward a 3 1/2-month high in premarket trade Thursday, after the oil and natural gas exploration and production company announced a deal to sell its primary Malaysian subsidiaries for $2.13 billion in cash to PTT Exploration and Production Public Company. Murphy could receive a bonus payment of up to $100 million for reaching certain future exploratory drilling results. The Malaysian subsidiaries accounted for 16% of Murphy's year-end 2018 proved reserves of 816 million barrels of oil equivalent. With the proceeds from the deal, Murphy approved a new $500 million stock repurchase program, and plans to pay down $750 million in debt. Murphy said it expects to book a gain from the deal of $900 million to $1.0 billion and plans to repatriate nearly all of the cash proceeds to the U.S. The stock has gained 15.2% over the past 12 months, while the SPDR Energy Select Sector ETF has slipped 2.6% and the S&P 500 has gained 4.1%.
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 ...
Murphy Oil Corporation (MUR) (“Murphy”) announced today that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., to a subsidiary of PTT Exploration and Production Public Company Limited (“PTTEP”). PTTEP will pay Murphy US$2.127 billion in an all-cash transaction, payable upon closing and subject to customary closing adjustments, plus up to a US$100 million bonus payment contingent upon certain future exploratory drilling results prior to October 2020. The transaction has an effective economic valuation date of January 1, 2019, with the closing expected to occur by the end of the second quarter 2019.
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In December 2018, Murphy Oil Corporation (NYSE:MUR) announced its latest earnings update, which showed that the business turned profitable again after experiencing losses in the previous financial year. Below, I'veRead More...