Q2 Earnings Estimate for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Zacks Research lowered their Q2 2027 earnings estimates for Murphy Oil in a report issued on Wednesday, September 3rd. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $0.49 per share for the quarter, down from their previous estimate of $0.51. The consensus estimate for Murphy Oil’s current full-year earnings is $2.94 per share. Zacks Research also issued estimates for Murphy Oil’s FY2027 earnings at $2.65 EPS.

MUR has been the topic of several other research reports. Wells Fargo & Company set a $24.00 target price on shares of Murphy Oil and gave the company an “equal weight” rating in a report on Thursday, June 26th. Johnson Rice cut shares of Murphy Oil from an “accumulate” rating to a “hold” rating in a report on Wednesday, May 21st. Morgan Stanley reduced their target price on shares of Murphy Oil from $27.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, May 23rd. Barclays raised their target price on shares of Murphy Oil from $22.00 to $23.00 and gave the company an “underweight” rating in a report on Monday, July 7th. Finally, UBS Group raised their target price on shares of Murphy Oil from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Murphy Oil presently has a consensus rating of “Reduce” and a consensus target price of $29.69.

Murphy Oil Stock Down 3.0%

Shares of NYSE:MUR opened at $24.92 on Friday. The firm’s 50 day moving average price is $24.45 and its 200 day moving average price is $23.88. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 12.91 and a beta of 1.15. Murphy Oil has a fifty-two week low of $18.94 and a fifty-two week high of $36.63. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.28.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $695.57 million for the quarter, compared to analysts’ expectations of $632.51 million. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The firm’s revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 5.2%. The ex-dividend date was Monday, August 18th. Murphy Oil’s dividend payout ratio is currently 67.36%.

Hedge Funds Weigh In On Murphy Oil

Several hedge funds have recently added to or reduced their stakes in MUR. Riverview Trust Co purchased a new position in shares of Murphy Oil during the first quarter worth approximately $26,000. Brooklyn Investment Group grew its position in shares of Murphy Oil by 3,989.7% during the first quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 1,157 shares during the last quarter. Byrne Asset Management LLC purchased a new position in shares of Murphy Oil during the first quarter worth approximately $44,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Murphy Oil by 1,710.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer’s stock worth $47,000 after acquiring an additional 1,574 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Murphy Oil by 177.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer’s stock worth $49,000 after acquiring an additional 1,104 shares during the last quarter. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

About Murphy Oil

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.