Murphy Oil says returning to offshore exploration [Seeking Alpha]
Murphy Oil Corporation (MUR)
Last murphy oil corporation earnings: 1/30 06:00 am
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Source: Seeking Alpha
Murphy Oil (NYSE: MUR ) has returned to offshore exploration and has several offshore wells to spud around the world in H2 2018, CEO Roger Jenkins said during today's earnings conference call . We're building a nice portfolio, to where we can drill 2-3 wells [in the Gulf] every year, Jenkins said on the call. Our exploration strategy has changed so much... We've implemented a focused new strategy. MUR plans to spud the deepwater King Cake prospect later in Q3, which contains an estimated mean 50M boe of gross resource potential; in Q4, it plans to spud the LDT prospect offshore Vietnam, with 30M boe of mean gross resource potential, and drill the Palenque prospect offshore Mexico, with a projected 200M boe of mean gross resource potential. In Q2, MUR produced 171K boe/day worldwide (53% oil), up 5% Y/Y and 2% Q/Q, as crude oil output totaled 90K bbl/day, up 1% Y/Y and 2% Q/Q Click to subscribe to real-time analytics on MUR Now read: Murphy Oil Corpor
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News
- Murphy Oil Co. (NYSE: MUR) had its price target raised by analysts at KeyCorp from $50.00 to $54.00. They now have an "overweight" rating on the stock.MarketBeat
- Murphy Oil Co. (NYSE: MUR) had its price target raised by analysts at Piper Sandler from $49.00 to $55.00. They now have an "overweight" rating on the stock.MarketBeat
- Murphy Oil Co. (NYSE: MUR) had its price target raised by analysts at Mizuho from $53.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Murphy Oil Co. (NYSE: MUR) was downgraded by analysts at Scotiabank from a "sector outperform" rating to a "sector perform" rating.MarketBeat
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
MUR
Earnings
- 1/25/24 - Miss
MUR
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 3/21/24 - Form ARS
- MUR's page on the SEC website