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

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

Murphy Oil Stock Performance

Shares of Murphy Oil stock opened at $27.47 on Friday. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 8.86 and a beta of 2.17. Murphy Oil has a twelve month low of $27.15 and a twelve month high of $49.14. The company’s fifty day moving average is $30.86 and its 200 day moving average is $34.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.24.

Murphy Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 4.73%. This is an increase from Murphy Oil’s previous quarterly dividend of $0.30. Murphy Oil’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Ratings Changes

Several research firms have commented on MUR. Barclays decreased 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 report on Monday, November 11th. KeyCorp lowered their price objective on shares of Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their target price 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. Scotiabank dropped their price objective on Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler decreased their target price on Murphy Oil from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday. One 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.17.

About Murphy Oil

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.