Why Murphy Oil Corporation’s Stock Is Soaring Today [The Motley Fool]
Murphy Oil Corporation (MUR)
Last murphy oil corporation earnings: 1/30 06:00 am
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ir.murphyoilcorp.com
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Source: The Motley Fool
The oil company made a needle-moving deal. Matthew DiLallo ( TMFmd19 ) Oct 11, 2018 at 11:14AM What happened Shares of Murphy Oil Corporation ( NYSE:MUR ) took off on Thursday, rising more than 12% by 10:30 a.m. EDT after the company agreed to form a strategic joint venture (JV) with Petrobras ( NYSE:PBR ) in the Gulf of Mexico. So what Under the terms of the deal, both companies will contribute all their currently producing assets in the Gulf of Mexico. Murphy Oil will own 80% of the JV and will pay Petrobras $900 million to offset the difference in value. In addition to that, Petrobras could earn as much as $150 million in additional consideration if the JV meets certain conditions. Further, Murphy Oil will pay $50 million of Petrobras' costs if the companies approve a new project at the St. Malo Field. Image source: Getty Images
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MUR
News
- 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
- Murphy Oil Co. (NYSE: MUR) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $54.00 price target on the stock.MarketBeat
- Why Murphy Oil (MUR) Might be Well Poised for a Surge [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