Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Zacks Research reduced their Q3 2026 earnings estimates for Murphy Oil in a note issued to investors on Wednesday, July 15th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $0.87 per share for the quarter, down from their prior forecast of $1.03. The consensus estimate for Murphy Oil’s current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Murphy Oil’s Q4 2026 earnings at $0.69 EPS, FY2026 earnings at $2.69 EPS, Q1 2027 earnings at $0.62 EPS, Q2 2027 earnings at $0.67 EPS, Q3 2027 earnings at $0.83 EPS, Q4 2027 earnings at $0.68 EPS, FY2027 earnings at $2.81 EPS, Q2 2028 earnings at $0.70 EPS and FY2028 earnings at $2.91 EPS.

Several other equities analysts also recently commented on MUR. Jefferies Financial Group downgraded Murphy Oil from a “buy” rating to an “underperform” rating in a research report on Thursday, June 4th. Morgan Stanley dropped their price objective on Murphy Oil from $37.00 to $35.00 and set an “underweight” rating for the company in a research note on Monday, June 29th. Barclays lifted their price objective on Murphy Oil from $36.00 to $43.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Scotiabank restated a “sector perform” rating and issued a $44.00 target price on shares of Murphy Oil in a research note on Wednesday, May 13th. Finally, KeyCorp upgraded shares of Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.58.

Murphy Oil Trading Up 3.9%

MUR stock opened at $36.85 on Friday. Murphy Oil has a 1-year low of $21.86 and a 1-year high of $43.34. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $36.37 and its 200-day moving average is $35.68. The firm has a market cap of $5.28 billion, a P/E ratio of 62.46 and a beta of 0.52.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $732.35 million during the quarter, compared to analysts’ expectations of $702.96 million. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Murphy Oil by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,171,385 shares of the oil and gas producer’s stock worth $337,081,000 after acquiring an additional 238,326 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Murphy Oil by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,572,610 shares of the oil and gas producer’s stock worth $174,144,000 after acquiring an additional 143,125 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Murphy Oil by 105.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,310,884 shares of the oil and gas producer’s stock worth $136,574,000 after acquiring an additional 1,700,498 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Murphy Oil by 8.3% in the third quarter. AQR Capital Management LLC now owns 2,656,394 shares of the oil and gas producer’s stock worth $75,468,000 after acquiring an additional 204,349 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Murphy Oil by 33.3% during the third quarter. Bank of America Corp DE now owns 2,056,427 shares of the oil and gas producer’s stock worth $58,423,000 after purchasing an additional 514,127 shares in the last quarter. 78.31% of the stock is owned by institutional investors.

Murphy Oil News Summary

Here are the key news stories impacting Murphy Oil this week:

• Positive Sentiment: Murphy Oil recently beat second-quarter earnings and revenue expectations, reporting $0.32 EPS versus the $0.29 consensus and revenue of $732.35 million versus $702.96 million expected, which supports the stock’s recent upward move.
• Neutral Sentiment: Analysts still expect Murphy Oil to remain profitable, with consensus current-year earnings at $3.05 per share, even after the latest forecast adjustments.
• Negative Sentiment: Zacks Research lowered Murphy Oil’s EPS estimates for FY2026, Q3 2026, Q4 2026, FY2027, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q2 2028 and FY2028, signaling a softer earnings outlook ahead.

About Murphy Oil

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.