News articles about Murphy Oil (NYSE:MUR) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Murphy Oil earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 46.4002267781418 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Colorado’s top oil, gas regulator joining energy consultancy (theeagle.com)
- Oil Price Rally May Not Be Enough To Help Canadian Drillers (oilprice.com)
- Murphy new CEO at Wilson Hartnell (independent.ie)
- Colombia’s Ecopetrol oil reserves rise 3.8 pct in 2017 (af.reuters.com)
- Active-Investors: Free Post Earnings Research Report: Murphy Oil’s Quarterly Revenues Jumped 13%; Reported Profit on Adjusted Basis (finanznachrichten.de)
Several research firms recently issued reports on MUR. Barclays boosted their price target on Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine downgraded Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Stephens set a $37.00 price target on Murphy Oil and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Cowen set a $34.00 price target on Murphy Oil and gave the company a “hold” rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.83.
Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. The firm had revenue of $541.58 million during the quarter, compared to the consensus estimate of $552.54 million. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.16) EPS. sell-side analysts anticipate that Murphy Oil will post 0.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.80%. Murphy Oil’s payout ratio is -55.56%.
In other news, insider Eugene T. Coleman sold 33,435 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.88, for a total transaction of $965,602.80. Following the completion of the sale, the insider now directly owns 57,246 shares in the company, valued at approximately $1,653,264.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.89% of the company’s stock.
About Murphy Oil
Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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