Murphy Oil Co. (NYSE:MUR) – Equities research analysts at Piper Jaffray Companies increased their Q4 2018 earnings estimates for shares of Murphy Oil in a report released on Monday, December 3rd. Piper Jaffray Companies analyst R. Todd now forecasts that the oil and gas producer will post earnings of $0.45 per share for the quarter, up from their prior estimate of $0.36. Piper Jaffray Companies currently has a “Hold” rating and a $43.00 target price on the stock. Piper Jaffray Companies also issued estimates for Murphy Oil’s Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $2.45 EPS, Q1 2020 earnings at $0.71 EPS, Q2 2020 earnings at $0.71 EPS, Q3 2020 earnings at $0.64 EPS and FY2020 earnings at $2.64 EPS.

Several other equities analysts have also recently commented on MUR. Wells Fargo & Co dropped their target price on shares of Murphy Oil from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, August 10th. Morgan Stanley dropped their target price on shares of Murphy Oil from $26.00 to $24.00 and set a “sell” rating for the company in a research report on Thursday, August 16th. KLR Group restated a “buy” rating and issued a $39.00 target price on shares of Murphy Oil in a research report on Monday, August 20th. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Friday, August 24th. Finally, National Alliance Securities upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Murphy Oil presently has a consensus rating of “Hold” and a consensus target price of $36.50.

Shares of NYSE:MUR opened at $30.98 on Thursday. The company has a market capitalization of $5.36 billion, a PE ratio of -238.31 and a beta of 2.09. The company has a quick ratio of 1.47, a current ratio of 1.58 and a debt-to-equity ratio of 0.61. Murphy Oil has a 12 month low of $24.39 and a 12 month high of $36.53.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $674.80 million during the quarter, compared to analyst estimates of $633.20 million. Murphy Oil had a net margin of 0.86% and a return on equity of 3.77%. Murphy Oil’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.38) earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, November 8th. Murphy Oil’s dividend payout ratio is -769.23%.

In related news, Director Claiborne P. Deming acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average cost of $31.60 per share, for a total transaction of $316,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kelli M. Hammock sold 2,595 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $31.56, for a total transaction of $81,898.20. The disclosure for this sale can be found here. 6.89% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd acquired a new position in Murphy Oil in the 2nd quarter valued at approximately $126,000. Penserra Capital Management LLC increased its position in Murphy Oil by 102.1% in the 3rd quarter. Penserra Capital Management LLC now owns 5,052 shares of the oil and gas producer’s stock valued at $167,000 after acquiring an additional 2,552 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Murphy Oil in the 2nd quarter valued at approximately $201,000. Lourd Capital LLC acquired a new position in Murphy Oil in the 3rd quarter valued at approximately $212,000. Finally, GHP Investment Advisors Inc. acquired a new position in Murphy Oil in the 2nd quarter valued at approximately $217,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.

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

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