Earnings and Production Performance: Murphy Oil Corp reported second-quarter adjusted earnings per share of 81 cents, exceeding the consensus estimate of 74 cents, while revenues reached $802.77 million, slightly below expectations. The company achieved a record gross production rate at Tupper Montney and maintained strong onshore production despite some downtime in the Gulf of Mexico.
Shareholder Returns and Future Outlook: The company announced a quarterly cash dividend of 30 cents per share and repurchased $100 million worth of stock in Q2. Looking ahead, Murphy expects net production to remain stable and is focused on increasing shareholder returns through its capital allocation framework, aiming for a total long-term debt goal of $1 billion.
Wall Street analysts forecast EBIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EBIT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast EBIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EBIT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 36.079
Low
Averages
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Current: 36.079
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
