Enbridge Inc. (ENB), Great Plains Energy (GXP), Murphy Oil (MUR), Oasis Petroleum Inc. (OAS), Oneok Partners LP (OKS), Targa Resources Investments (TRGP) and Western Refining, Inc. (WNR) had ratings and price targets initiated or adjusted by analysts.
Goldman Sachs downgraded Enbridge Inc. (ENB) from a "Buy" rating to a "Neutral" rating.
Caris & Co. downgraded Great Plains Energy (GXP) from an "Above Average" rating to an "Average" rating.
Deutsche Bank downgraded Murphy Oil (MUR) from a "Buy" rating to a "Hold" rating. They placed a price target of $64.00 on the company.
Deutsche Bank downgraded Oasis Petroleum Inc. (OAS) from a "Buy" rating to a "Hold" rating. They placed a price taret of $37.00 on the company.
Goldman Sachs downgraded Oneok Partners LP (OKS) from a "Neutral" rating to a "Sell" rating.
Tudor Pickering downgraded Targa Resources Investments (TRGP) to a "Hold" rating.
Morgan Stanley downgraded Western Refining, Inc. (WNR) from an "Overweight" rating to an "Equal Weight" rating. They have a price target of $620.00 on the company.
Showing posts with label Murphy Oil. Show all posts
Showing posts with label Murphy Oil. Show all posts
Wednesday, February 29, 2012
Wednesday, February 15, 2012
Murphy Oil (MUR) (GPRO) (HD) (CRM) (ABC) (BMC) Ratings, Price Targets
Murphy Oil (NYSE:MUR), Gen-Probe (GPRO), Home Depot (NYSE:HD), Salesforce.com (CRM), AmerisourceBergen (ABC) and BMC Software (BMC) had ratings and price targets on them adjusted by analysts.
Brean Murray initiated coverage on Murphy Oil (MUR). They have a "Buy" rating and a price target of $71.00 on the company.
Gen-Probe (GPRO) had its EPS estimates lowered by Oppenheimer (NYSE:OPY). They have a "Perform" rating on the company.
Home Depot (HD) had its price target boosted by Bank of America (NYSE:BAC) to $50.00.
Salesforce.com (CRM) had its price target raised by Jefferies (NYSE:JEF) to $152.00. They have a "Buy rating on the company.
AmerisourceBergen (ABC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $43.00 on the company.
BMC Software (BMC) had its price target raised b Jefferies to $42.00. They have a "Buy" rating on the company.
Brean Murray initiated coverage on Murphy Oil (MUR). They have a "Buy" rating and a price target of $71.00 on the company.
Gen-Probe (GPRO) had its EPS estimates lowered by Oppenheimer (NYSE:OPY). They have a "Perform" rating on the company.
Home Depot (HD) had its price target boosted by Bank of America (NYSE:BAC) to $50.00.
Salesforce.com (CRM) had its price target raised by Jefferies (NYSE:JEF) to $152.00. They have a "Buy rating on the company.
AmerisourceBergen (ABC) was downgraded by Baird from an "Outperform" rating to a "Neutral" rating. They have a price target of $43.00 on the company.
BMC Software (BMC) had its price target raised b Jefferies to $42.00. They have a "Buy" rating on the company.
Friday, August 6, 2010
Goldman Sachs (NYSE:GS) Raises Price Target on Murphy Oil (NYSE:MUR)
Goldman Sachs (NYSE:GS) raised their price target on Murphy Oil (NYSE:MUR) from $61 to a hefty $67 a share, while maintaining their "Buy' rating on the energy company.
Murphy Oil was upgraded from "Neutral" to "Buy" on July 16.
Goldman's continued support of Murphy comes from their belief they'll become the first integrated oil business to be acknowledged for their expansion strategy in North America.
Murphy was down to $56.02 a share, a loss of $1.22, or 2.13 percent, as of 3:17 PM EDT.
Murphy Oil was upgraded from "Neutral" to "Buy" on July 16.
Goldman's continued support of Murphy comes from their belief they'll become the first integrated oil business to be acknowledged for their expansion strategy in North America.
Murphy was down to $56.02 a share, a loss of $1.22, or 2.13 percent, as of 3:17 PM EDT.
Thursday, August 5, 2010
Murphy Oil (NYSE:MUR) Raises Dividend Eye-Popping 10 Percent
In what may point to a solid earnings report, Murphy Oil (NYSE:MUR) today raised its quarterly dividend 10 percent, to 27.5 cents a share. Annually that translates to $1.10 a share.
Shareholders of record as of August 16 will be paid the dividend on September 1, said Murphy.
Murphy, which recently said they're divesting of the refinery assets, along with 457 gas stations located in Britain, cited solid cash flow and rising production as the reasons behind the dividend boost.
Right before close, Murphy was at $56.91, a gain of $1.16, or 2.08 percent, as of 3:53 PM EDT.
Shareholders of record as of August 16 will be paid the dividend on September 1, said Murphy.
Murphy, which recently said they're divesting of the refinery assets, along with 457 gas stations located in Britain, cited solid cash flow and rising production as the reasons behind the dividend boost.
Right before close, Murphy was at $56.91, a gain of $1.16, or 2.08 percent, as of 3:53 PM EDT.
Friday, July 23, 2010
Murphy Oil (NYSE:MUR) Selling Off Entire Refining Business
Murphy Oil Corporation (NYSE:MUR) said on Thursday that their Board of Directors has given the go ahead to sell off all their refining units, as they exit the business entirely.
Included in the sale will be refineries located in Milford Haven, Wales; Meraux, Louisiana; and Superior, Wisconsin. Also being sold off will be a retail system located in the UK.
CEO and President David Wood said, “Murphy’s Upstream and U.S. Retail businesses have demonstrated marked growth and financial performance over the last several years. By exiting the refining business, we can fully focus our attention and resources on continuing that growth, developing a premier international upstream business and a top quartile U.S. retail franchise.”
Murphy, which is being advised by Goldman Sachs (NYSE:GS), expects the units to be sold in the first quarter of 2011.
Included in the sale will be refineries located in Milford Haven, Wales; Meraux, Louisiana; and Superior, Wisconsin. Also being sold off will be a retail system located in the UK.
CEO and President David Wood said, “Murphy’s Upstream and U.S. Retail businesses have demonstrated marked growth and financial performance over the last several years. By exiting the refining business, we can fully focus our attention and resources on continuing that growth, developing a premier international upstream business and a top quartile U.S. retail franchise.”
Murphy, which is being advised by Goldman Sachs (NYSE:GS), expects the units to be sold in the first quarter of 2011.
Tuesday, July 13, 2010
Obama's Moratorium Results in Diamond Offshore (NYSE:DO) Moving Rig Out of Gulf to 'Republic of Congo'
Diamond Offshore (NYSE:DO) announced today it is moving its oil rig Ocean Confidence out of the Gulf of Mexico to the Republic of Congo, and has suspended a contract in the region to make the rig available.
Diamond Offshore President and CEO, Larry Dickerson, said, “As the uncertainty about continued deepwater drilling in the GOM persists, we must consider alternatives that allow our deepwater assets to remain employed. The contract we suspended with Murphy has been restructured into a one-year commitment in the GOM that is expected to recommence when our customer is satisfied that it can obtain the necessary permits and can meet any new regulatory requirements.”
A subsidiary of Murphy Exploration and Production Company (NYSE:MUR) will be the recipient of the oil rig via a new multi-well international agreement.
It's unknown how many jobs Americans have lost as a consequence of Obama's misguided oil moratorium.
This is the second rig Diamond has pulled out of region in the last several days.
Diamond Offshore President and CEO, Larry Dickerson, said, “As the uncertainty about continued deepwater drilling in the GOM persists, we must consider alternatives that allow our deepwater assets to remain employed. The contract we suspended with Murphy has been restructured into a one-year commitment in the GOM that is expected to recommence when our customer is satisfied that it can obtain the necessary permits and can meet any new regulatory requirements.”
A subsidiary of Murphy Exploration and Production Company (NYSE:MUR) will be the recipient of the oil rig via a new multi-well international agreement.
It's unknown how many jobs Americans have lost as a consequence of Obama's misguided oil moratorium.
This is the second rig Diamond has pulled out of region in the last several days.
Tuesday, May 18, 2010
Murphy Oil (NYSE:MUR) EPS Look Solid
Murphy Oil (NYSE:MUR) has had a mixed outlook from analysts, as they have been largely torn between which direction the company is going, and more than likely confusion has been added over the last couple of weeks because of the weakening EU economy and China inflation fears.
Much of what has been expected for a lot of companies has been downwardly revised, or at minimum put on hold, as there are too many macro-variable happening out there which could impact any company providing products for consumers, who seem to be getting skittish again, as the fast run-up in gold price show.
So with that in mind, it's difficult at this time to project where a company will go, as they're still attempting to recover from the great recession which is still lingering, and the possibility of being ravaged by the forces coming from the debt crisis in Europe and probable cutback in imports from China from measures they take to battle inflation.
What Murphy Oil has going for them is a low debt-to-capital ratio, which has positioned them to take advantage of weaknesses in the industry, which could help them to grow organically or through acquisitions.
The Exploration & Production segment of the company exploded in earnings growth over the first quarter last year, generating gains of 391 percent.
Now this quarter that is being challenged by the recent drop in prices, as it seems the higher oil inventories suggest people are still being tight with their wallets, and that could and probably will translate to pressure on their margins, and consequently earnings.
Even so, they may be able to turn product over quicker because of the debt-to-capital ratio, by generating more business, making the margin levels less important than overall sales.
Production is probably the key to their near-term performance, and that is one of the strengths of the company, and even with the economic challenges, they're probably in as good a place as any of their competitors no matter which way the winds blow to put up some pretty good earnings numbers.
Much of what has been expected for a lot of companies has been downwardly revised, or at minimum put on hold, as there are too many macro-variable happening out there which could impact any company providing products for consumers, who seem to be getting skittish again, as the fast run-up in gold price show.
So with that in mind, it's difficult at this time to project where a company will go, as they're still attempting to recover from the great recession which is still lingering, and the possibility of being ravaged by the forces coming from the debt crisis in Europe and probable cutback in imports from China from measures they take to battle inflation.
What Murphy Oil has going for them is a low debt-to-capital ratio, which has positioned them to take advantage of weaknesses in the industry, which could help them to grow organically or through acquisitions.
The Exploration & Production segment of the company exploded in earnings growth over the first quarter last year, generating gains of 391 percent.
Now this quarter that is being challenged by the recent drop in prices, as it seems the higher oil inventories suggest people are still being tight with their wallets, and that could and probably will translate to pressure on their margins, and consequently earnings.
Even so, they may be able to turn product over quicker because of the debt-to-capital ratio, by generating more business, making the margin levels less important than overall sales.
Production is probably the key to their near-term performance, and that is one of the strengths of the company, and even with the economic challenges, they're probably in as good a place as any of their competitors no matter which way the winds blow to put up some pretty good earnings numbers.
Thursday, January 15, 2009
Murphy Oil Schedules Earnings Conference Call
EL DORADO, Arkansas, January 7, 2009 – Murphy Oil Corporation (NYSE:MUR) has scheduled its conference call at 12:00 p.m. Central Time on Thursday, January 29 to review fourth quarter 2008 earnings, which will be announced Wednesday afternoon, January 28. ACT Teleconferencing is handling arrangements for the call. Interested parties may participate by dialing 1-800-240-2430 and referencing reservation number 11124677. The call will also be broadcast live over the internet and can be accessed through the Investor Relations section of Murphy Oil’s website at (http://www.murphyoilcorp.com/ir). All investors, analysts, media, employees and the general public are invited to participate.
Online replays of the call will be available through Murphy Oil’s website and a recording of the call will be available through Monday, February 2 by dialing 1-800-405-2236. Audio downloads will be available on the Murphy website through March 1 and via Thomson StreetEvents for their service subscribers.
For More Information
Dory Stiles
Investor/ Media Relations
P.O. Box 7000
El Dorado, AR 71731-7000
(870) 864-6496
Online replays of the call will be available through Murphy Oil’s website and a recording of the call will be available through Monday, February 2 by dialing 1-800-405-2236. Audio downloads will be available on the Murphy website through March 1 and via Thomson StreetEvents for their service subscribers.
For More Information
Dory Stiles
Investor/ Media Relations
P.O. Box 7000
El Dorado, AR 71731-7000
(870) 864-6496
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