Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Investment analysts at Zacks Research upped their Q3 2027 earnings per share (EPS) estimates for shares of Murphy Oil in a report issued on Thursday, October 29th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings of $0.71 per share for the quarter, up from their prior estimate of $0.69. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Murphy Oil’s Q4 2027 earnings at $0.75 EPS.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share (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 firm had revenue of $926.33 million for the quarter, compared to analyst estimates of $888.51 million. During the same period in the prior year, the company posted $0.27 earnings per share. The business’s revenue was up 33.5% on a year-over-year basis.

Several other research firms have also weighed in on MUR. The Goldman Sachs Group boosted their target price on shares of Murphy Oil from $36.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, October 27th. Wells Fargo & Company restated a “positive” rating on shares of Murphy Oil in a research report on Tuesday, September 29th. Morgan Stanley lifted their price target on shares of Murphy Oil from $36.00 to $37.00 and gave the company an “underweight” rating in a report on Thursday, October 15th. Barclays downgraded shares of Murphy Oil from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $38.00 to $34.00 in a research report on Friday, August 14th. Finally, Seaport Research Partners began coverage on shares of Murphy Oil in a research note on Thursday, September 3rd. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Murphy Oil has a consensus rating of “Hold” and an average price target of $39.75.

Murphy Oil Stock Performance

Murphy Oil stock opened at $39.45 on Monday. The company has a market cap of $5.66 billion, a PE ratio of 19.53 and a beta of 0.52. The company has a fifty day moving average price of $38.80 and a two-hundred day moving average price of $36.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. Murphy Oil has a 12 month low of $26.49 and a 12 month high of $45.03.

Murphy Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, November 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.5%. Murphy Oil’s payout ratio is currently 69.31%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MUR. Heritage Family Offices LLP bought a new position in Murphy Oil in the 3rd quarter worth approximately $33,000. Chicago Partners Investment Group LLC acquired a new stake in Murphy Oil in the 3rd quarter valued at approximately $227,000. Covestor Ltd increased its position in Murphy Oil by 55.5% in the 3rd quarter. Covestor Ltd now owns 1,096 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 391 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Murphy Oil during the 3rd quarter valued at $4,755,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Murphy Oil during the 3rd quarter valued at $375,000. 78.31% of the stock is currently owned by institutional investors.

About Murphy Oil

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids, with a focus on high-quality assets in North America.

The company’s operations are primarily located in the United States, including onshore assets in the Eagle Ford Shale of South Texas and offshore properties in the Gulf of Mexico. Murphy Oil has also historically maintained exploration and production interests in Canada and other international regions, although its current portfolio is concentrated in the United States.

Founded in 1950, Murphy Oil has evolved from a diversified energy company into a focused exploration and production business.