JP Morgan Upgrades Murphy Oil to Overweight, Raises Price Target to $37
JP Morgan analyst Arun Jayaram upgrades Murphy Oil (NYSE:MUR) from Neutral to Overweight and raises the price target from $29 to $37.
MKM Partners Maintains Buy on Murphy Oil, Raises Price Target to $37
MKM Partners analyst John Gerdes maintains Murphy Oil (NYSE:MUR) with a Buy and raises the price target from $34 to $37.
How Good Are Murphy Oil’s Earnings? | Return On Invested Capital
According to Benzinga Pro, during Q3, Murphy Oil (NYSE:MUR) earned $282.54 million, a 19.7% increase from the preceding quarter. Murphy Oil also posted a total of $630.70 million in sales, a 14.75% increase since Q2.
Recap: Murphy Oil Q3 Earnings
Murphy Oil (NYSE:MUR) reported its Q3 earnings results on Thursday, November 4, 2021 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings Scheduled For November 4, 2021
Companies Reporting Before The Bell
• DISH Network (NASDAQ:DISH) is likely to report quarterly earnings at $0.91 per share on revenue of $4.45 billion.
Morgan Stanley Maintains Equal-Weight on Murphy Oil, Raises Price Target to $32
Morgan Stanley analyst Devin McDermott maintains Murphy Oil (NYSE:MUR) with a Equal-Weight and raises the price target from $28 to $32.
Looking into Murphy Oil’s Return on Capital Employed
After pulling data from Benzinga Pro it seems like during Q2, Murphy Oil (NYSE:MUR) earned $236.03 million, a 598.32% increase from the preceding quarter. Murphy Oil also posted a total of $549.64 million in sales, a 44.65% increase since Q1.
Analyzing Murphy Oil’s Ex-Dividend Date
On August 4, 2021, Murphy Oil (NYSE:MUR) declared a dividend payable on September 1, 2021 to its shareholders. Murphy Oil also announced that shareholders on the company's books on or before August 16, 2021 are entitled to the dividend.
Recap: Murphy Oil Q2 Earnings
Shares of Murphy Oil (NYSE:MUR) remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share increased 183.10% over the past year to $0.59, which beat the estimate of $0.24.