Murphy Oil (NYSE:MUR) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Murphy Oil (NYSE:MUR - Get Free Report) announced its earnings results on Thursday. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.02), Briefing.com reports. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The business had revenue of $758.33 million for the quarter, compared to analyst estimates of $759.74 million. During the same quarter in the previous year, the firm posted $1.59 EPS. The business's revenue was down 21.0% on a year-over-year basis.

Murphy Oil Stock Up 1.7 %

Shares of MUR traded up $0.57 during midday trading on Friday, reaching $33.61. 2,560,384 shares of the company were exchanged, compared to its average volume of 1,423,415. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 8.84 and a beta of 2.21. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.23. Murphy Oil has a 1-year low of $30.99 and a 1-year high of $49.14. The stock has a 50-day moving average price of $34.02 and a 200-day moving average price of $38.41.

Murphy Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 3.57%. Murphy Oil's dividend payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MUR shares. KeyCorp lowered their target price on Murphy Oil from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Wolfe Research initiated coverage on Murphy Oil in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Wells Fargo & Company reduced their target price on shares of Murphy Oil from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, September 27th. Scotiabank lowered their price target on shares of Murphy Oil from $47.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Finally, Morgan Stanley reduced their price objective on shares of Murphy Oil from $43.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.17.

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.