Murphy Oil Stock Earnings Estimates Cut by Zacks Research

Key Points

• Zacks Research lowered Murphy Oil’s Q1 2027 EPS estimate to $0.50 from $0.51, while forecasting full-year 2028 EPS of $2.50.
• Murphy Oil’s latest quarterly results narrowly missed earnings expectations, reporting $1.55 EPS versus $1.57 expected, but revenue rose 33.5% year over year to $926.33 million.
• Analysts maintain a consensus “Hold” rating with a $37.75 price target; the company also pays a $0.35 quarterly dividend, representing a 3.8% yield.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Equities researchers at Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for Murphy Oil in a research report issued on Monday, September 28th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings per share of $0.50 for the quarter, down from their prior forecast of $0.51. 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 Q1 2028 earnings at $0.74 EPS, Q2 2028 earnings at $0.53 EPS and FY2028 earnings at $2.50 EPS.

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 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.02). The company had revenue of $926.33 million for 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 firm's revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS.

Several other analysts have also issued reports on MUR. KeyCorp upped their price target on shares of Murphy Oil from $43.00 to $47.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 15th. Wells Fargo & Company lifted their price objective on shares of Murphy Oil from $41.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, September 14th. Barclays lowered shares of Murphy Oil from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $38.00 to $34.00 in a research note on Friday, August 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $34.00 target price on shares of Murphy Oil in a report on Monday, September 7th. Finally, Mizuho upgraded shares of Murphy Oil to a "hold" rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Murphy Oil presently has an average rating of "Hold" and a consensus price target of $37.75.

Murphy Oil Price Performance

NYSE:MUR opened at $36.63 on Tuesday. Murphy Oil has a 1-year low of $26.49 and a 1-year high of $43.34. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $36.91 and a 200 day simple moving average of $37.33. The stock has a market capitalization of $5.25 billion, a PE ratio of 18.13 and a beta of 0.50.

Murphy Oil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.8%. Murphy Oil's dividend payout ratio is currently 69.31%.

Institutional Trading of Murphy Oil

A number of institutional investors have recently modified their holdings of MUR. BlackRock Inc. bought a new position in shares of Murphy Oil in the second quarter worth $626,514,000. Dimensional Fund Advisors LP grew its stake in Murphy Oil by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 8,171,385 shares of the oil and gas producer's stock worth $337,081,000 after buying an additional 238,326 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Murphy Oil by 105.6% during 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 buying an additional 1,700,498 shares in the last quarter. Bank of America Corp DE increased its holdings in Murphy Oil by 3.4% in the 1st quarter. Bank of America Corp DE now owns 1,836,056 shares of the oil and gas producer's stock valued at $75,737,000 after buying an additional 60,190 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Murphy Oil by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,571,120 shares of the oil and gas producer's stock valued at $64,809,000 after buying an additional 6,064 shares during the period. 78.31% of the stock is currently owned by institutional investors.

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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