Murphy Oil (NYSE:MUR) Releases Earnings Results, Misses Estimates By $0.27 EPS

Murphy Oil (NYSE:MUR) announced its quarterly earnings data on Thursday. The oil and gas producer reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.27), RTT News reports. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. During the same period in the previous year, the firm earned $0.90 EPS.

Murphy Oil Stock Down 5.5 %

Shares of MUR traded down $1.61 on Thursday, reaching $27.57. The stock had a trading volume of 2,153,135 shares, compared to its average volume of 2,160,608. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 8.92 and a beta of 2.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. The company has a 50-day simple moving average of $30.97 and a 200-day simple moving average of $34.05. Murphy Oil has a 12-month low of $27.20 and a 12-month high of $49.14.

Murphy Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $0.325 dividend. This is a positive change from Murphy Oil’s previous quarterly dividend of $0.30. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.71%. Murphy Oil’s dividend payout ratio (DPR) is currently 38.71%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Murphy Oil from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Mizuho reduced their price target on Murphy Oil from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Piper Sandler reduced their price target on Murphy Oil from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their price target on Murphy Oil from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Finally, KeyCorp reduced their price target on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Murphy Oil currently has a consensus rating of “Hold” and a consensus target price of $39.08.

Murphy Oil Company Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.