Murphy Oil (MUR) Scheduled to Post Earnings on Thursday

Murphy Oil (NYSE:MUR) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Murphy Oil to post earnings of $0.88 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas producer reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The company had revenue of $844.20 million for the quarter, compared to analyst estimates of $852.24 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s revenue was down 13.4% on a year-over-year basis. On average, analysts expect Murphy Oil to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Murphy Oil Trading Up 0.1 %

Shares of NYSE:MUR opened at $46.22 on Thursday. Murphy Oil has a 12 month low of $32.80 and a 12 month high of $49.14. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $43.48 and its 200 day simple moving average is $42.65. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 10.95 and a beta of 2.21.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.60%. Murphy Oil’s payout ratio is 28.44%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Scotiabank lowered shares of Murphy Oil from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the stock from $46.00 to $50.00 in a report on Thursday, April 11th. Piper Sandler lifted their price target on shares of Murphy Oil from $49.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. lifted their price target on shares of Murphy Oil from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Truist Financial lifted their price target on shares of Murphy Oil from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Roth Mkm reiterated a “buy” rating on shares of Murphy Oil in a research note on Wednesday, March 20th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Murphy Oil has an average rating of “Moderate Buy” and an average target price of $50.64.

Insider Activity

In other news, CEO Roger W. Jenkins sold 110,000 shares of Murphy Oil stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $40.39, for a total value of $4,442,900.00. Following the completion of the transaction, the chief executive officer now owns 1,035,190 shares of the company’s stock, valued at approximately $41,811,324.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Maria A. Martinez sold 10,000 shares of Murphy Oil stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $43.35, for a total value of $433,500.00. Following the completion of the transaction, the vice president now owns 40,590 shares of the company’s stock, valued at approximately $1,759,576.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Roger W. Jenkins sold 110,000 shares of Murphy Oil stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $40.39, for a total transaction of $4,442,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,035,190 shares of the company’s stock, valued at approximately $41,811,324.10. The disclosure for this sale can be found here. Insiders sold a total of 156,260 shares of company stock valued at $6,322,644 in the last quarter. Company insiders own 5.95% of the company’s stock.

Murphy Oil Company Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and 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.