FY2022 EPS Estimates for Murphy Oil Co. Reduced by Jefferies Financial Group (NYSE:MUR)

Murphy Oil Co. (NYSE:MURGet Rating) – Jefferies Financial Group reduced their FY2022 earnings per share (EPS) estimates for Murphy Oil in a research note issued on Tuesday, January 17th. Jefferies Financial Group analyst L. Byrne now forecasts that the oil and gas producer will post earnings of $7.17 per share for the year, down from their prior estimate of $7.61. Jefferies Financial Group currently has a “Hold” rating and a $46.00 target price on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $5.97 per share. Jefferies Financial Group also issued estimates for Murphy Oil’s FY2023 earnings at $6.03 EPS and FY2024 earnings at $6.33 EPS.

Murphy Oil (NYSE:MURGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The oil and gas producer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.28. Murphy Oil had a return on equity of 17.20% and a net margin of 25.27%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $930.51 million.

A number of other brokerages also recently commented on MUR. Morgan Stanley lowered their price objective on Murphy Oil from $48.00 to $47.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 14th. The Goldman Sachs Group upped their price target on Murphy Oil from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 23rd. Piper Sandler upped their price target on Murphy Oil from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, November 17th. JPMorgan Chase & Co. raised Murphy Oil from a “neutral” rating to an “overweight” rating and set a $56.00 price target for the company in a report on Monday, December 5th. Finally, Truist Financial downgraded Murphy Oil from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a report on Monday, December 12th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.56.

Murphy Oil Stock Performance

Shares of Murphy Oil stock opened at $42.12 on Friday. Murphy Oil has a one year low of $25.97 and a one year high of $51.28. The company has a market cap of $6.55 billion, a PE ratio of 7.09 and a beta of 2.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.74 and a current ratio of 0.78. The business has a 50-day simple moving average of $43.74 and a 200-day simple moving average of $40.12.

Insider Buying and Selling at Murphy Oil

In other Murphy Oil news, VP Paul D. Vaughan sold 1,254 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $46.34, for a total value of $58,110.36. Following the completion of the sale, the vice president now owns 9,910 shares in the company, valued at $459,229.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Paul D. Vaughan sold 1,254 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $46.34, for a total transaction of $58,110.36. Following the completion of the sale, the vice president now owns 9,910 shares in the company, valued at $459,229.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Maria A. Martinez sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $50.59, for a total value of $379,425.00. Following the sale, the vice president now owns 7,531 shares of the company’s stock, valued at approximately $380,993.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 240,754 shares of company stock worth $12,055,495. 6.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Murphy Oil

Several large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue grew its holdings in Murphy Oil by 2.7% during the second quarter. State of Alaska Department of Revenue now owns 20,980 shares of the oil and gas producer’s stock worth $633,000 after acquiring an additional 550 shares during the period. Xponance Inc. grew its holdings in Murphy Oil by 5.3% during the second quarter. Xponance Inc. now owns 22,512 shares of the oil and gas producer’s stock worth $680,000 after acquiring an additional 1,135 shares during the period. Foundation Resource Management Inc. acquired a new position in Murphy Oil during the third quarter worth $213,000. Teachers Retirement System of The State of Kentucky grew its holdings in Murphy Oil by 30.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 19,143 shares of the oil and gas producer’s stock worth $773,000 after acquiring an additional 4,500 shares during the period. Finally, Poplar Forest Capital LLC grew its holdings in Murphy Oil by 0.8% during the second quarter. Poplar Forest Capital LLC now owns 679,988 shares of the oil and gas producer’s stock worth $20,529,000 after acquiring an additional 5,682 shares during the period. Hedge funds and other institutional investors own 77.55% of the company’s stock.

Murphy Oil Company Profile

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Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural gas exploration and production company in the United States, Canada, 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.

See Also

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

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