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

Murphy Oil (NYSE:MUR) posted its earnings results on Thursday. The oil and gas producer reported $0.35 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the business earned $0.90 earnings per share.

Murphy Oil Stock Down 3.3 %

MUR stock opened at $26.57 on Friday. Murphy Oil has a 52 week low of $26.47 and a 52 week high of $49.14. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.88 billion, a P/E ratio of 8.57 and a beta of 2.17. The company’s 50-day moving average price is $30.72 and its 200 day moving average price is $33.89.

Murphy Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Murphy Oil’s previous quarterly dividend of $0.30. Murphy Oil’s dividend payout ratio (DPR) is currently 38.71%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays cut their target price on shares of Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. UBS Group dropped their target price on shares of Murphy Oil from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Truist Financial downgraded Murphy Oil from a “buy” rating to a “hold” rating and reduced their target price for the company from $42.00 to $31.00 in a report on Friday. Wells Fargo & Company decreased their price objective on Murphy Oil from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $37.00 price target on shares of Murphy Oil in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.83.

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.