Piper Sandler Maintains Overweight on Murphy Oil, Lowers Price Target to $54
$MUR
Oil & Gas Production
Energy
Piper Sandler analyst Mark Lear maintains Murphy Oil (NYSE:MUR) with a Overweight and lowers the price target from $55 to $54.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/15/2024 | $50.00 → $47.00 | Overweight → Neutral | JP Morgan |
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 4/11/2024 | Sector Outperform → Sector Perform | Scotiabank | |
| 4/10/2024 | $54.00 | Equal Weight | Barclays |
| 3/20/2024 | Buy | ROTH MKM | |
| 7/11/2023 | $47.00 | Overweight | KeyBanc Capital Markets |
| 4/19/2023 | $45.00 | Neutral | UBS |
| 4/17/2023 | $41.00 | Hold → Buy | Jefferies |
8-K - MURPHY OIL CORP (0000717423) (Filer)
10-Q - MURPHY OIL CORP (0000717423) (Filer)
8-K - MURPHY OIL CORP (0000717423) (Filer)
JP Morgan downgraded Murphy Oil from Overweight to Neutral and set a new price target of $47.00 from $50.00 previously
Wolfe Research resumed coverage of Murphy Oil with a rating of Peer Perform
Scotiabank downgraded Murphy Oil from Sector Outperform to Sector Perform
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Repurchased $194 Million of Shares Outstanding, Initiated Vietnam Exploration Program Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the third quarter ended September 30, 2024, including net income attributable to Murphy of $139 million, or $0.93 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $111 million, or $0.74 adjusted net income per diluted share. Unless otherwise noted, the financial and operating highlights and metrics discussed in this commentary exclude noncontrolling interest (NCI).1 Highlights for the third quarter
Murphy Oil Corporation (NYSE:MUR) ("Murphy" or the "Company") announced today the early tender results of its previously announced series of tender offers (the "Tender Offers") to purchase for cash up to $600,000,000 aggregate principal amount (the "Maximum Aggregate Cap") of certain of its outstanding series of senior notes listed in the table below (collectively, the "Notes"). The Tender Offers are being made pursuant to the terms and conditions set forth in the Offer to Purchase, dated September 19, 2024 (the "Offer to Purchase"). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. As of 5:00 p.m., New York City time, on Octo
Murphy Oil Corporation (NYSE:MUR) announced today the election of Robert B. Tudor, III, to the Company's Board of Directors, effective October 2, 2024. Mr. Tudor is the founder and CEO of Artemis Energy Partners, an investing and advisory platform focused on companies involved in the global energy markets. He is also a retired Founder and CEO of Tudor, Pickering, Holt & Co. Prior to forming TPH, Mr. Tudor was a Partner at Goldman Sachs and a leader of its worldwide energy practice. Mr. Tudor is currently the Chairman of the Houston Energy Transition Initiative, which is a consortium of Houston's leading energy companies working to shape the region's Energy Transition Strategy. He also ser
Truist Securities analyst Neal Dingmann maintains Murphy Oil (NYSE:MUR) with a Buy and lowers the price target from $59 to $55.
Wolfe Research analyst Doug Leggate reinstates Murphy Oil (NYSE:MUR) with a Peer Perform.
4 analysts have expressed a variety of opinions on Murphy Oil (NYSE:MUR) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $53.5, a high estimate of $59.00, and a low estimate of $47.00. Witnessing a positive shift, the current averag
Murphy Oil Corporation (NYSE:MUR) today announced that David R. Looney plans to retire from the company and will relinquish his position as Executive Vice President and Chief Financial Officer on June 30, 2022. The Board of Directors has elected Thomas J. "Tom" Mireles to serve as his replacement effective upon Mr. Looney's retirement. Mr. Mireles will assume Mr. Looney's responsibilities, as well as maintain oversight of the company's sustainability function. Mr. Looney joined Murphy in 2018, and will conclude his 38-year financial career by modernizing Murphy's financial function, as well as leading efforts to strengthen the balance sheet following the global pandemic. Joining the compa
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) announced today the appointment of Michelle A. Earley to Murphy’s Board of Directors, effective June 10, 2021. “We are excited to welcome Ms. Earley to our Board of Directors,” stated Claiborne P. Deming, Chairman of the Board for Murphy Oil Corporation. “Michelle brings perspectives and expertise in energy governance to Murphy. Her appointment is also aligned with the Board’s commitment to bring skillsets to the boardroom that will best position us to deliver for all of our shareholders.” A partner at Locke Lord LLP since 2008, Ms. Earley serves as co-chair of the firm’s Capital Markets Group and the Diversity Committee
Repurchased $194 Million of Shares Outstanding, Initiated Vietnam Exploration Program Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the third quarter ended September 30, 2024, including net income attributable to Murphy of $139 million, or $0.93 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $111 million, or $0.74 adjusted net income per diluted share. Unless otherwise noted, the financial and operating highlights and metrics discussed in this commentary exclude noncontrolling interest (NCI).1 Highlights for the third quarter
Murphy Oil Corporation (NYSE:MUR) ("Murphy" or the "Company") announced today the early tender results of its previously announced series of tender offers (the "Tender Offers") to purchase for cash up to $600,000,000 aggregate principal amount (the "Maximum Aggregate Cap") of certain of its outstanding series of senior notes listed in the table below (collectively, the "Notes"). The Tender Offers are being made pursuant to the terms and conditions set forth in the Offer to Purchase, dated September 19, 2024 (the "Offer to Purchase"). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. As of 5:00 p.m., New York City time, on Octo
Roger W. Jenkins Set to Retire After 11 Years as Chief Executive Officer Murphy Oil Corporation (NYSE:MUR) today announced today that its Board of Directors has appointed Eric M. Hambly, Murphy's current President and Chief Operating Officer, to succeed Roger W. Jenkins as the company's President and Chief Executive Officer, effective January 1, 2025. In addition, Mr. Hambly will become a member of the Board of Directors. Mr. Jenkins will retire from the Board on December 31, 2024. He will remain with Murphy in a non-executive role as an advisor until his retirement on December 31, 2025. Mr. Hambly holds both bachelor's and master's degrees in chemical engineering from Brigham Young Unive