Murphy Oil Corporation (NYSE:MUR) Updates On Dividend Release Date


On 2016-08-08, Murphy Oil Corporation (NYSE:MUR) confirmed the dividend disbursement of $0.25 a share to shareholders as on record 2016-08-15. The firm will release dividend on 2016-09-01 while ex-dividend date is reported to be 2016-08-11.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Murphy Oil Corporation (NYSE:MUR) paid a total of $0.25 per share in dividends. This figure stood at $0.25 a share in the same period a year ago indicating a deviation of 5.6604%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $32.625 on the stock. This figure is the average of recommendations offered by 8 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $44 and $26, respectively.

Taking the mathematical rating formula, the price for Murphy Oil Corporation (NYSE:MUR) stands at 2.97. Earnings Review Murphy Oil Corporation (NYSE:MUR) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $-0.15.

Coming to the quarter ending on 2015-12-31, Murphy Oil Corporation (NYSE:MUR) recorded EPS of $-0.36. The reported numbers came lower than the analysts’ estimates of $-0.41, demonstrating a miss of $0.05 as against reported figures.

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