Miércoles, 18 Octubre, 2017

Murphy Oil Corporation Setting The Table For Earnings

Manuel Armenta | 04 May, 2017, 19:58

(NYSE:MUR) by 7.7% during the first quarter, Holdings Channel reports. Dimensional Fund Advisors LP now owns 2,768,877 shares of the oil and gas producer's stock valued at $86,202,000 after buying an additional 438,440 shares in the last quarter. Can raised its stake in shares of Murphy Oil by 256.6% in the third quarter. The volume of 2.45 Million shares climbed down over an trading activity of 2.82 Million shares. Contravisory Investment Management Inc. now owns 7,946 shares of the oil and gas producer's stock worth $227,000 after buying an additional 1,914 shares during the last quarter. Nationwide Fund Advisors now owns 428,401 shares of the oil and gas producer's stock valued at $13,023,000 after buying an additional 54,900 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Murphy Oil by 9.1% in the fourth quarter.

The company has mean EPS estimate of 0.09 reported by 15 number of analyst for the quarter ending May 3, 2017. It dropped, as 40 investors sold Murphy Oil Corporation shares while 127 reduced holdings.

06/20/2016 - Murphy Oil Corporation was upgraded to " by analysts at Raymond James.

Murphy Oil Co. has a one year low of $24.39 and a one year high of $35.19. The company has market cap of $1.52 billion.

The share price of the company (NYSE:MUR) was down -0.69% during the last trading session, with a high of 26.48 and the volume of Murphy Oil Corporation shares traded was 2620384. Its last 5-Year EPS growth stands at -20.80% with earnings growth of 89.20% yoy. The business earned $544.70 million during the quarter, compared to analysts' expectations of $529.61 million. The company's net profit margin has achieved the current level of -14.5 percent and possesses 70.7 percent gross margin.

12/07/2016 - Murphy Oil Corporation was downgraded to " by analysts at Credit Suisse. In contrast to the year ago quarter EPS was at 0.17.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. The biggest holder now is Claiborne P. Deming who owns 796,364 shares (0.46% of those outstanding), whilst William C. Nolan, Jr holds 591,105 (0.34% of shares outstanding) and Caroline G. Theus holds 402,930 (0.23% of shares outstanding). This represents a $1.00 dividend on an annualized basis and a yield of 3.86%.

On 8/3/2016 Murphy Oil announced a quarterly dividend of $0.25 5.18% with an ex dividend date of 8/11/2016 which will be payable on 9/1/2016.

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Zacks Investment Research lowered shares of Murphy Oil Co. Scotiabank set a $30.00 price target on Murphy Oil and gave the company a "hold" rating in a report on Monday, March 27th.

The current consensus rating on Murphy Oil (NYSE:MUR) is Hold (Score: 2.00) with a consensus target price of $32.86 per share, a potential 27.85% upside. The average 12 month price target among brokers that have updated their coverage on the stock in the a year ago is $32.86. Analysts have a mean recommendation of 3.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Nevertheless, the company rebounded from a fourth-quarter 2016 loss of $64 million and met its guidance predictions for crude production, bringing in an average of 169 million barrel-of-oil equivalents per day while cutting selling and general expenses by about 17 percent from a year ago. The Company's exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.