KeyCorp Has Negative Outlook of Murphy Oil Q2 Earnings

Murphy Oil Corporation (NYSE:MUR) – Equities research analysts at KeyCorp dropped their Q2 2027 earnings per share (EPS) estimates for shares of Murphy Oil in a research report issued on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $1.21 for the quarter, down from their prior estimate of $1.30. KeyCorp has a “Overweight” rating and a $48.00 price target on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $3.44 per share. KeyCorp also issued estimates for Murphy Oil’s Q3 2027 earnings at $1.06 EPS and FY2027 earnings at $4.99 EPS.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The company had revenue of $732.35 million for the quarter, compared to the consensus estimate of $702.96 million. During the same period last year, the company earned $0.56 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year.

A number of other research firms also recently issued reports on MUR. Wells Fargo & Company lifted their price objective on shares of Murphy Oil from $32.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. Morgan Stanley restated an “underweight” rating on shares of Murphy Oil in a report on Friday, March 27th. Wall Street Zen upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Barclays boosted their target price on shares of Murphy Oil from $36.00 to $43.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group boosted their target price on shares of Murphy Oil from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.75.

Murphy Oil Price Performance

NYSE MUR opened at $40.04 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.30. Murphy Oil has a 12-month low of $21.39 and a 12-month high of $43.34. The company has a market capitalization of $5.74 billion, a PE ratio of 67.86 and a beta of 0.50. The firm’s 50 day moving average is $39.16 and its 200-day moving average is $34.94.

Institutional Trading of Murphy Oil

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in Murphy Oil by 20.9% in the first quarter. Parallel Advisors LLC now owns 13,404 shares of the oil and gas producer’s stock valued at $553,000 after acquiring an additional 2,313 shares during the last quarter. Bank of America Corp DE raised its position in Murphy Oil by 3.4% during the first quarter. Bank of America Corp DE now owns 1,836,056 shares of the oil and gas producer’s stock valued at $75,737,000 after purchasing an additional 60,190 shares in the last quarter. Kentucky Retirement Systems acquired a new position in Murphy Oil during the first quarter valued at approximately $599,000. Bull Harbor Capital LLC acquired a new position in Murphy Oil during the first quarter valued at approximately $244,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Murphy Oil by 32.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,352 shares of the oil and gas producer’s stock valued at $97,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Insider Activity at Murphy Oil

In related news, SVP Daniel R. Hanchera sold 47,320 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $33.79, for a total value of $1,598,942.80. Following the completion of the transaction, the senior vice president owned 36,166 shares of the company’s stock, valued at $1,222,049.14. The trade was a 56.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.79% of the company’s stock.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.5%. Murphy Oil’s dividend payout ratio (DPR) is currently 237.29%.

Key Stories Impacting Murphy Oil

Here are the key news stories impacting Murphy Oil this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for Murphy Oil across several periods, including FY2026, Q1 2027, Q1 2028, and FY2027, signaling stronger expected profitability ahead. Murphy Oil stock page
• Positive Sentiment: Zacks also increased near-term forecasts such as Q2 2026 and Q3 2027 EPS, suggesting analysts see better operating performance in the business than before. Murphy Oil stock page
• Positive Sentiment: KeyCorp kept an Overweight rating and a $48 price target on Murphy Oil, reinforcing a bullish longer-term view even after trimming some estimates. Murphy Oil stock page
• Neutral Sentiment: KeyCorp cut its Q2 2027 and Q3 2027 EPS forecasts, which tempers the optimism and suggests some quarters may be less strong than previously expected. Murphy Oil stock page
• Neutral Sentiment: Zacks Research maintained a Hold rating, indicating that while earnings expectations improved, analysts are not yet calling for aggressive upside. Murphy Oil stock page

About Murphy Oil

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.