Murphy Oil (MUR) Declares $0.30 Quarterly Dividend; 2.5% Yield

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Go back to Murphy Oil (MUR) Declares $0.30 Quarterly Dividend; 2.5% Yield

Murphy Oil Corp. (MUR) PT Raised to $52 at JPMorgan

April 4, 2024 5:06 AM EDT

JPMorgan analyst Arun Jayaram raised the price target on Murphy Oil Corp. (NYSE: MUR) to $52.00 (from $51.00) while maintaining a Overweight rating.

The analyst comments "We anticipate a solid operational quarter, on the back of strong performance at the Terranova asset and successful completion of planned workover projects in the GoM. MUR remains upbeat about current production levels at the Terranova asset... More