Analysts predict that Murphy Oil Co. (NYSE:MUR) will post $0.26 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Murphy Oil’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.42. Murphy Oil posted earnings per share of $0.36 during the same quarter last year, which indicates a negative year-over-year growth rate of 27.8%. The firm is expected to announce its next earnings results before the market opens on Thursday, August 8th.

According to Zacks, analysts expect that Murphy Oil will report full year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.69. For the next fiscal year, analysts expect that the firm will report earnings of $2.19 per share, with EPS estimates ranging from $0.85 to $5.09. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Murphy Oil.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $591.00 million during the quarter, compared to the consensus estimate of $557.15 million. Murphy Oil had a net margin of 10.99% and a return on equity of 4.10%. The firm’s revenue was up 57.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share.

A number of research analysts have recently commented on MUR shares. Goldman Sachs Group lowered Encana to a “buy” rating in a research note on Friday, April 12th. TheStreet upgraded Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the company a “buy” rating in a research note on Friday, July 12th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Capital One Financial began coverage on Murphy Oil in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $37.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.89.

In related news, insider Thomas J. Mireles sold 7,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $27.60, for a total value of $204,240.00. Following the transaction, the insider now owns 21,368 shares in the company, valued at $589,756.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.46% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Murphy Oil in the fourth quarter valued at about $58,361,000. Millennium Management LLC lifted its stake in Murphy Oil by 326.2% in the fourth quarter. Millennium Management LLC now owns 1,604,044 shares of the oil and gas producer’s stock valued at $37,519,000 after buying an additional 1,227,727 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Murphy Oil by 247.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,271,880 shares of the oil and gas producer’s stock valued at $29,750,000 after buying an additional 905,542 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Murphy Oil in the fourth quarter valued at about $19,290,000. Finally, Phocas Financial Corp. acquired a new position in Murphy Oil in the first quarter valued at about $7,114,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

MUR traded up $0.53 on Monday, hitting $22.10. The company had a trading volume of 4,235,585 shares, compared to its average volume of 2,184,540. Murphy Oil has a 1-year low of $21.20 and a 1-year high of $36.53. The company has a market capitalization of $3.75 billion, a PE ratio of 17.54 and a beta of 1.95. The stock’s fifty day simple moving average is $23.90. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.56 and a current ratio of 1.61.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

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Earnings History and Estimates for Murphy Oil (NYSE:MUR)

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