|Bid||12.29 x 900|
|Ask||12.47 x 1200|
|Day's range||11.99 - 12.47|
|52-week range||4.50 - 28.12|
|Beta (5Y monthly)||3.30|
|PE ratio (TTM)||2.82|
|Earnings date||06 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||0.50 (4.07%)|
|Ex-dividend date||15 May 2020|
|1y target est||11.80|
Murphy Oil Corporation (NYSE: MUR) today announced that Walter K. Compton, Executive Vice President and General Counsel, will retire from the company effective June 1, 2020. The current Vice President, Law and Corporate Secretary, E. Ted Botner, will be assuming Mr. Compton’s responsibilities in addition to maintaining his current duties under the new title Senior Vice President, General Counsel and Corporate Secretary. Mr. Botner will now be reporting to Roger W. Jenkins, President and Chief Executive Officer.
Joining me from El Dorado, Arkansas is Roger Jenkins, President and Chief Executive Officer. Throughout today's call, production numbers, reserves and financial amounts are adjusted to exclude noncontrolling interest in the Gulf of Mexico.
Murphy Oil (MUR) delivered earnings and revenue surprises of 14.29% and 0.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Murphy Oil Corp. on Wednesday said it's closing its El Dorado, Arkansas, headquarters and moving to Houston. The independent oil and natural gas exploration and production company cited the steep drop in crude oil prices in its decision to close the El Dorado office, which has about 80 employees, and another office in Canada that employs 110 people. The company said it intended to keep funding the El Dorado Promise, a scholarship program it set up in 2007 that pays the tuition of every college-bound graduate of El Dorado's public schools.
Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the first quarter ended March 31, 2020, including a net loss attributable to Murphy of $416 million, or $2.71 net loss per diluted share. Adjusted net loss, which excludes discontinued operations and other one-off items, was $46 million, or $0.30 per diluted share.
In recognition of the extraordinary drop in crude oil prices, independent oil and natural gas exploration and production company, Murphy Oil Corporation (NYSE: MUR), is closing its legacy headquarters office in El Dorado, Arkansas, home to approximately 80 employees, as well as its longstanding office in Calgary, Alberta, Canada, home to approximately 110 employees. Consequently, it will be consolidating all worldwide staff activities to its existing office location in Houston, Texas as the new corporate headquarters.
Murphy Oil (MUR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Murphy Oil Corporation (NYSE: MUR) announced today a change in the location and time of its 2020 Annual Meeting of Stockholders (the "2020 Annual Meeting"). In the interest of the health and safety of everyone given COVID-19 and guidance from public health authorities, the 2020 Annual Meeting on May 13, 2020 will now be held via virtual-only format. Additionally, in order to accommodate the virtual meeting, the time of the 2020 Annual Meeting has changed to 2:00 p.m. Central Daylight Time. Stockholders will not be able to attend the 2020 Annual Meeting in person, as there will be no physical meeting.
Murphy Oil (MUR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 7, 2020 to discuss first quarter 2020 earnings. The company plans to release its financial and operating results before the market opens that morning.
Murphy Oil Corporation (NYSE: MUR) announced today that Roger W. Jenkins, President and Chief Executive Officer, has recovered and resumed his responsibilities with the company as President and Chief Executive Officer following his temporary medical leave. David R. Looney, who assumed Mr. Jenkins responsibilities, has returned to his day-to-day role as Executive Vice President and Chief Financial Officer.
The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 per share, or $0.50 per share on an annualized basis. As a result of ongoing crude oil and natural gas market weakness, the Board believes this 50 percent reduction from the previous quarterly level of $0.25 per share is prudent. The dividend is payable on June 1, 2020, to stockholders of record as of May 18, 2020.
Murphy Oil Corporation (NYSE: MUR) today announced that Roger W. Jenkins, President and Chief Executive Officer has, pending test results, a presumptive diagnosis of COVID-19, and has taken a temporary medical leave. He is expected to completely recover, however, in the interim, David R. Looney, the company’s Executive Vice President and Chief Financial Officer, will temporarily assume Roger’s responsibilities as President and Chief Executive Officer.
As oil prices continue to tank amid the oil price war and the coronavirus outbreak, U.S. oil producers are announcing capital spending and dividend cuts by the hour
Oil producers have been scaling back spending since the last crash in 2014, but the coronavirus outbreak and the launch this week of a price war between Saudi Arabia and Russia threatens to push U.S. crude to $30 a barrel and cripple U.S. players. Apache on Thursday slashed its dividend by about 90%, cut its 2020 capital investment plan by more than 37% and reduced drilling activity in Egypt and the UK North Sea. Devon cut its spending by about 30% from its earlier forecast, while Murphy Oil slashed its budget by 35% at the midpoint and said it would delay some U.S. Gulf of Mexico projects and development wells.
Murphy Oil Corporation (NYSE: MUR) announced today that it has revised its capital spending plans for 2020 given current market conditions and recent commodity price volatility.