Zacks Research Predicts Murphy Oil’s Q4 Earnings (NYSE:MUR)

Murphy Oil Corporation (NYSE:MUR) – Zacks Research dropped their Q4 2027 EPS estimates for shares of Murphy Oil in a report released on Wednesday, February 11th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.43. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $2.94 per share.

Other research analysts have also recently issued research reports about the company. KeyCorp reissued a “sector weight” rating on shares of Murphy Oil in a research note on Thursday, January 29th. Scotiabank reiterated a “sector perform” rating and issued a $31.00 target price on shares of Murphy Oil in a research report on Friday, January 16th. Morgan Stanley dropped their price target on shares of Murphy Oil from $27.00 to $25.00 and set an “underweight” rating on the stock in a research report on Friday, January 23rd. Barclays reduced their price target on shares of Murphy Oil from $31.00 to $29.00 and set an “underweight” rating for the company in a research note on Friday, January 30th. Finally, Roth Mkm reiterated a “neutral” rating on shares of Murphy Oil in a research note on Tuesday, January 6th. Thirteen analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Murphy Oil currently has an average rating of “Reduce” and a consensus price target of $29.42.

Murphy Oil Stock Down 3.8%

MUR opened at $32.93 on Thursday. The stock’s 50 day moving average price is $31.93 and its 200 day moving average price is $28.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.77 and a quick ratio of 0.87. The stock has a market cap of $4.70 billion, a P/E ratio of 45.73 and a beta of 0.78. Murphy Oil has a 12 month low of $18.94 and a 12 month high of $35.19.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Wednesday, January 28th. The oil and gas producer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.21. The company had revenue of $613.08 million for the quarter, compared to analysts’ expectations of $650.90 million. Murphy Oil had a return on equity of 3.75% and a net margin of 3.83%.The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share.

Institutional Trading of Murphy Oil

A number of large investors have recently added to or reduced their stakes in the business. HRT Financial LP grew its position in Murphy Oil by 184.6% in the fourth quarter. HRT Financial LP now owns 448,027 shares of the oil and gas producer’s stock worth $14,000,000 after buying an additional 290,582 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Murphy Oil by 46.3% during the 4th quarter. Brooklyn Investment Group now owns 21,675 shares of the oil and gas producer’s stock worth $683,000 after acquiring an additional 6,861 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Murphy Oil in the 4th quarter worth $280,000. Tocqueville Asset Management L.P. raised its position in shares of Murphy Oil by 10.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 580,513 shares of the oil and gas producer’s stock worth $18,141,000 after purchasing an additional 54,704 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Murphy Oil by 17.1% during the fourth quarter. Renaissance Technologies LLC now owns 52,237 shares of the oil and gas producer’s stock worth $1,632,000 after purchasing an additional 7,637 shares during the period. 78.31% of the stock is currently owned by institutional investors.

Murphy Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $1.40 annualized dividend and a dividend yield of 4.3%. This is an increase from Murphy Oil’s previous quarterly dividend of $0.33. Murphy Oil’s dividend payout ratio is presently 180.56%.

Murphy Oil Company Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.