Murphy Oil Corporation operates as an oil and natural 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. Murphy Oil Corporation was incorporated in 1950 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: murphyoilcorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
4/11/2023 | $49.00 → $56.00 | Hold → Buy | Truist |
1/10/2023 | $53.00 → $51.00 | Buy | Mizuho |
12/12/2022 | $46.00 | Buy → Hold | Truist |
Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, August 8, 2024 to discuss second quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, August 8, 2024 Time: 9:00 a.m. EDT Toll Free Dial-in: 800-717-1738 Conference ID: 55528 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in
Murphy Oil Corporation (NYSE:MUR) today announced that Roger W. Jenkins, Chief Executive Officer, will present at the J.P. Morgan 2024 Energy, Power & Renewables Conference on Tuesday, June 18, 2024 at 2:20 p.m. Eastern Daylight Time (EDT). The live video webcast presentation will be available on the company's website at http://ir.murphyoilcorp.com. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial dis
Produced 170 MBOEPD with 89 MBOPD, Repurchased $50 Million of Shares Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the first quarter ended March 31, 2024, including net income attributable to Murphy of $90 million, or $0.59 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $131 million, or $0.85 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 first quarter include: Produ
The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on June 3, 2024, to stockholders of record as of May 20, 2024. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees
Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 2, 2024 to discuss first quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, May 2, 2024 Time: 9:00 a.m. EDT Toll Free Dial-in: 800-717-1738 Conference ID: 78570 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providi
Murphy Oil Corporation (NYSE:MUR) today announced the following promotions, effective February 1, 2024. The Board of Directors has appointed Eric M. Hambly to the role of President and Chief Operating Officer and E. Ted Botner to Executive Vice President. Mr. Hambly and Mr. Botner will continue to report to Roger W. Jenkins, Chief Executive Officer. Over his 18-year career with Murphy, Mr. Hambly has played a vital role in the success of Murphy's global exploration and production operations. He has earned roles with increasing responsibilities primarily focusing on offshore operations in the Gulf of Mexico and Malaysia, as well as onshore operations in the US and Canada. He was promoted t
Accomplished 2023 Debt Reduction Goal of $500 Million, Repurchased $150 Million of Shares in Accordance With Capital Allocation Framework, Increased Dividend 9 Percent Annualized in 2024, Achieved 139 Percent Total Reserve Replacement Ratio With Preliminary Proved Reserves of 724 MMBOE Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2023, including net income attributable to Murphy of $116 million, or $0.75 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $140 million, or $0.90 adjusted net in
The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on March 4, 2024, to stockholders of record as of February 20, 2024. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murph
Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 25, 2024 to discuss fourth quarter 2023 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be included on the Investors page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, January 25, 2024 Time: 9:00 a.m. EST Toll Free Dial-in: 888-886-7786 Conference ID: 98175352 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in
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 $250,000,000 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 November 3, 2023 (as amended by this press release, the "Offer to Purchase"). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. The Company
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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
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
Piper Sandler analyst Mark Lear maintains Murphy Oil (NYSE:MUR) with a Overweight and lowers the price target from $55 to $54.
Scotiabank analyst Paul Cheng maintains Murphy Oil (NYSE:MUR) with a Sector Outperform and lowers the price target from $50 to $47.
Murphy Oil's (NYSE:MUR) short percent of float has fallen 12.57% since its last report. The company recently reported that it has 6.43 million shares sold short, which is 6.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.73 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
- Reuters
Murphy Oil's (NYSE:MUR) short percent of float has risen 23.79% since its last report. The company recently reported that it has 7.36 million shares sold short, which is 6.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.01 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Murphy Oil's (NYSE:MUR) short percent of float has fallen 4.93% since its last report. The company recently reported that it has 5.95 million shares sold short, which is 5.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.45 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Mizuho analyst William Janela maintains Murphy Oil (NYSE:MUR) with a Buy and raises the price target from $55 to $59.
Murphy maintains its 2024 accrued CAPEX range of $920 million to $1.02 billion. The company also maintains its full year 2024 production range of 180 to 188 MBOEPD, consisting of approximately 95 MBOPD oil and 105 MBOEPD liquids volumes, equating to 52 percent oil and 57 percent liquids volumes, respectively.
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Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, August 8, 2024 to discuss second quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, August 8, 2024 Time: 9:00 a.m. EDT Toll Free Dial-in: 800-717-1738 Conference ID: 55528 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in
Produced 170 MBOEPD with 89 MBOPD, Repurchased $50 Million of Shares Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the first quarter ended March 31, 2024, including net income attributable to Murphy of $90 million, or $0.59 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $131 million, or $0.85 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 first quarter include: Produ
The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on June 3, 2024, to stockholders of record as of May 20, 2024. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees
Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 2, 2024 to discuss first quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, May 2, 2024 Time: 9:00 a.m. EDT Toll Free Dial-in: 800-717-1738 Conference ID: 78570 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providi
Murphy Oil Corporation (NYSE:MUR) today announced the following promotions, effective February 1, 2024. The Board of Directors has appointed Eric M. Hambly to the role of President and Chief Operating Officer and E. Ted Botner to Executive Vice President. Mr. Hambly and Mr. Botner will continue to report to Roger W. Jenkins, Chief Executive Officer. Over his 18-year career with Murphy, Mr. Hambly has played a vital role in the success of Murphy's global exploration and production operations. He has earned roles with increasing responsibilities primarily focusing on offshore operations in the Gulf of Mexico and Malaysia, as well as onshore operations in the US and Canada. He was promoted t
Accomplished 2023 Debt Reduction Goal of $500 Million, Repurchased $150 Million of Shares in Accordance With Capital Allocation Framework, Increased Dividend 9 Percent Annualized in 2024, Achieved 139 Percent Total Reserve Replacement Ratio With Preliminary Proved Reserves of 724 MMBOE Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2023, including net income attributable to Murphy of $116 million, or $0.75 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $140 million, or $0.90 adjusted net in
The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on March 4, 2024, to stockholders of record as of February 20, 2024. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murph
Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 25, 2024 to discuss fourth quarter 2023 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be included on the Investors page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, January 25, 2024 Time: 9:00 a.m. EST Toll Free Dial-in: 888-886-7786 Conference ID: 98175352 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in
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 $250,000,000 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 November 3, 2023 (as amended by this press release, the "Offer to Purchase"). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. The Company
Murphy Oil Corporation (NYSE:MUR) ("Murphy" or the "Company") announced today the commencement of a series of tender offers to purchase for cash up to $250,000,000 aggregate principal amount (the "Maximum Aggregate Cap") certain of its outstanding series of senior notes listed in the table below (collectively, the "Notes"). Dollars per $1,000 Principal Amount of Notes(3) Title of Security CUSIP Number Principal Amount Outstanding Maximum SubCap(1) Acceptance Priority Level(2) Tender Offer Consideration Early Tender Premium Total Consideration (4) 5.875% Senior Notes due 2027
Wolfe Research resumed coverage of Murphy Oil with a rating of Peer Perform
Scotiabank downgraded Murphy Oil from Sector Outperform to Sector Perform
Barclays initiated coverage of Murphy Oil with a rating of Equal Weight and set a new price target of $54.00
ROTH MKM reiterated coverage of Murphy Oil with a rating of Buy
KeyBanc Capital Markets initiated coverage of Murphy Oil with a rating of Overweight and set a new price target of $47.00
UBS initiated coverage of Murphy Oil with a rating of Neutral and set a new price target of $45.00
Jefferies upgraded Murphy Oil from Hold to Buy and set a new price target of $41.00
Truist upgraded Murphy Oil from Hold to Buy and set a new price target of $56.00 from $49.00 previously
Mizuho resumed coverage of Murphy Oil with a rating of Buy and set a new price target of $51.00 from $53.00 previously
Truist downgraded Murphy Oil from Buy to Hold and set a new price target of $46.00