Q4 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Equities research analysts at Zacks Research increased their Q4 2027 earnings per share (EPS) estimates for Murphy Oil in a research report issued to clients and investors on Wednesday, August 19th. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $0.77 per share for the quarter, up from their prior forecast of $0.69. The consensus estimate for Murphy Oil’s current full-year earnings is $2.98 per share.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The company had revenue of $926.33 million during the quarter, compared to analyst estimates of $888.51 million. During the same period in the prior year, the business posted $0.27 EPS. Murphy Oil’s revenue for the quarter was up 33.5% compared to the same quarter last year.

A number of other brokerages also recently issued reports on MUR. UBS Group cut their target price on Murphy Oil from $41.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Wall Street Zen lowered shares of Murphy Oil from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Wells Fargo & Company raised their price objective on shares of Murphy Oil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Jefferies Financial Group downgraded shares of Murphy Oil from a “buy” rating to an “underperform” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Murphy Oil in a report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.58.

Murphy Oil Stock Performance

NYSE MUR opened at $36.84 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The stock’s fifty day moving average is $35.57 and its two-hundred day moving average is $36.48. The firm has a market capitalization of $5.28 billion, a P/E ratio of 18.24 and a beta of 0.50. Murphy Oil has a fifty-two week low of $21.86 and a fifty-two week high of $43.34.

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.8%. Murphy Oil’s dividend payout ratio is currently 69.31%.

Institutional Trading of Murphy Oil

A number of hedge funds and other institutional investors have recently modified their holdings of MUR. BlackRock Inc. acquired a new position in shares of Murphy Oil in the 2nd quarter worth approximately $626,514,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Murphy Oil by 105.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,310,884 shares of the oil and gas producer’s stock valued at $136,574,000 after buying an additional 1,700,498 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Murphy Oil in the second quarter valued at $49,681,000. Bank of America Corp DE purchased a new stake in shares of Murphy Oil in the 2nd quarter valued at $45,719,000. Finally, SIR Capital Management L.P. acquired a new position in Murphy Oil during the 3rd quarter worth about $30,896,000. 78.31% of the stock is owned by institutional investors and hedge funds.

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.