Credit Agricole SA Weighs in on Murphy Oil Corp.’s Q3 2016 Earnings (MUR)
Murphy Oil Corp. (NYSE:MUR) – Research analysts at Credit Agricole SA issued their Q3 2016 earnings estimates for Murphy Oil Corp. in a report released on Wednesday. Credit Agricole SA analyst A. Sen forecasts that the brokerage will post earnings per share of ($0.25) for the quarter. Credit Agricole SA currently has a “Sell” rating on the stock.
Murphy Oil Corp. (NYSE:MUR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative return on equity of 7.93% and a negative net margin of 106.14%. During the same period last year, the business posted ($0.48) earnings per share.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. restated a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th. Zacks Investment Research upgraded shares of Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday. Finally, Barclays PLC restated an “overweight” rating and issued a $42.00 target price on shares of Murphy Oil Corp. in a research note on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Murphy Oil Corp. currently has an average rating of “Hold” and an average target price of $26.80.
Shares of Murphy Oil Corp. (NYSE:MUR) opened at 28.98 on Thursday. The stock’s market capitalization is $4.99 billion. The stock has a 50 day moving average price of $28.00 and a 200 day moving average price of $29.30. Murphy Oil Corp. has a 1-year low of $14.30 and a 1-year high of $37.48.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. Murphy Oil Corp.’s dividend payout ratio (DPR) is presently -7.24%.
In other Murphy Oil Corp. news, Director Robert Madison Murphy bought 22,594 shares of Murphy Oil Corp. stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of $21.93 per share, with a total value of $495,486.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.39% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Euclid Advisors LLC acquired a new position in shares of Murphy Oil Corp. during the second quarter valued at about $104,000. Advisor Group Inc. acquired a new position in shares of Murphy Oil Corp. during the second quarter valued at about $116,000. Acadian Asset Management LLC acquired a new position in shares of Murphy Oil Corp. during the second quarter valued at about $132,000. I.G. Investment Management LTD. acquired a new position in shares of Murphy Oil Corp. during the second quarter valued at about $159,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Murphy Oil Corp. during the second quarter valued at about $208,000. 92.61% of the stock is owned by hedge funds and other institutional investors.
Murphy Oil Corp. Company Profile
Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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