Analysts Set Expectations for Murphy Oil FY2026 Earnings

Key Points

• Zacks Research lowered Murphy Oil’s FY2026 EPS forecast to $2.92 from $2.99, though it remains above the broader consensus estimate of $2.66. FY2027 EPS was also projected at $2.44, signaling weaker expected earnings momentum.
• Analyst sentiment is mixed, with four Buy, nine Hold and three Sell ratings; the overall consensus is Hold with a $37.83 price target.
• Murphy Oil’s latest quarter produced $1.55 in EPS, slightly below estimates, while revenue rose 33.5% year over year to $926.33 million. The company also pays a $0.35 quarterly dividend, yielding approximately 3.9%.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Zacks Research dropped their FY2026 EPS estimates for shares of Murphy Oil in a report released on Monday, September 28th. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings per share of $2.92 for the year, down from their previous forecast of $2.99. The consensus estimate for Murphy Oil's current full-year earnings is $2.66 per share. Zacks Research also issued estimates for Murphy Oil's Q4 2026 earnings at $0.66 EPS, Q2 2027 earnings at $0.51 EPS, Q3 2027 earnings at $0.69 EPS, Q4 2027 earnings at $0.74 EPS and FY2027 earnings at $2.44 EPS.

Several other brokerages have also issued reports on MUR. Seaport Research Partners assumed coverage on Murphy Oil in a report on Thursday, September 3rd. They set a "neutral" rating on the stock. Jefferies Financial Group lowered Murphy Oil from a "buy" rating to an "underperform" rating in a report on Thursday, June 4th. Morgan Stanley restated an "underweight" rating and set a $36.00 price target on shares of Murphy Oil in a research note on Wednesday, August 19th. Wells Fargo & Company reiterated a "positive" rating on shares of Murphy Oil in a research report on Tuesday. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $34.00 price objective on shares of Murphy Oil in a research note on Monday, September 7th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $37.83.

Murphy Oil Stock Performance

Shares of MUR opened at $35.97 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a 50-day simple moving average of $36.88 and a 200-day simple moving average of $37.34. The stock has a market capitalization of $5.16 billion, a PE ratio of 17.81 and a beta of 0.50. Murphy Oil has a 1 year low of $26.49 and a 1 year high of $43.34.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). The business had revenue of $926.33 million during the quarter, compared to analyst estimates of $888.51 million. Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%.The business's revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS.

Institutional Trading of Murphy Oil

Hedge funds have recently modified their holdings of the business. Jupiter Topco LLC purchased a new stake in Murphy Oil during the second quarter worth about $2,065,000. SailingStone Capital Partners LLC purchased a new stake in shares of Murphy Oil during the 2nd quarter worth approximately $15,852,000. Bank of America Corp DE acquired a new stake in shares of Murphy Oil in the 2nd quarter worth approximately $45,719,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Murphy Oil in the 1st quarter worth approximately $1,745,000. Finally, BlackRock Inc. purchased a new position in Murphy Oil in the 2nd quarter valued at approximately $626,514,000. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, August 17th. Murphy Oil's dividend payout ratio is 69.31%.

Trending Headlines about Murphy Oil

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

• Negative Sentiment: Zacks cut its Q4 2026 EPS forecast to $0.66 from $0.73 and lowered its FY2026 estimate to $2.92 from $2.99. The firm also reduced forecasts for Q2 and Q3 2027, Q4 2027, and FY2027, with full-year 2027 EPS now projected at $2.44 versus $2.53 previously. These broad-based reductions signal weaker expected earnings momentum. Q1 Earnings Forecast for Murphy Oil Issued By Zacks Research
• Negative Sentiment: Longer-range estimates were also lowered: Zacks reduced Q1 2027 EPS to $0.50 from $0.51, Q1 2028 EPS to $0.74 from $0.76, Q2 2028 EPS to $0.53 from $0.55, and FY2028 EPS to $2.50 from $2.60. The repeated downward revisions could pressure valuation expectations for Murphy Oil (MUR).
• Neutral Sentiment: Despite the cuts, Zacks’ FY2026 estimate of $2.92 remains above the broader consensus estimate of $2.66. Murphy Oil’s latest reported quarter also showed strong year-over-year revenue growth, although EPS narrowly missed analysts’ expectations.

About Murphy Oil

Murphy Oil Corporation NYSE: MUR is an independent oil and natural gas exploration and production company. Its activities include acquiring acreage, drilling and developing wells, and producing crude oil, natural gas and natural gas liquids for sale to customers and markets.

The company's portfolio is primarily focused on onshore assets in the United States, including operations in the Eagle Ford and other U.S. resource plays, as well as offshore production in the Gulf of Mexico. Murphy Oil has also maintained an international exploration and production presence, including projects in Canada and Malaysia, though its asset portfolio has changed over time through acquisitions and divestitures.

Murphy Oil traces its roots to the Murphy family's business interests and has operated as a publicly traded energy company for decades.

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