Murphy Oil Stock Earnings Estimates Raised by Zacks Research

Key Points

• Zacks Research raised Murphy Oil’s FY2026 EPS estimate to $3.02 from $2.92, though it remains below the broader consensus estimate of $3.65. The firm also issued estimates through FY2028, indicating expectations for continued profitability.
• Analyst sentiment remains mixed: Murphy Oil has an average “Hold” rating and a $39.75 average price target, despite upgrades from some firms and Goldman Sachs raising its target to $44.
• Shares opened at $42.97, near their 52-week high of $45.03, while the company announced a $0.35 quarterly dividend representing a 3.3% yield. Its latest quarterly EPS of $1.55 narrowly missed estimates, although revenue rose 33.5% year over year.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Research analysts at Zacks Research increased their FY2026 earnings per share estimates for shares of Murphy Oil in a note issued to investors on Tuesday, October 27th. Zacks Research analyst Team now expects that the oil and gas producer will earn $3.02 per share for the year, up from their previous estimate of $2.92. The consensus estimate for Murphy Oil's current full-year earnings is $3.65 per share. Zacks Research also issued estimates for Murphy Oil's Q4 2026 earnings at $0.75 EPS, Q1 2027 earnings at $0.56 EPS, Q2 2027 earnings at $0.62 EPS, FY2027 earnings at $2.59 EPS, Q1 2028 earnings at $0.93 EPS, Q2 2028 earnings at $0.66 EPS, Q3 2028 earnings at $0.73 EPS and FY2028 earnings at $2.87 EPS.

Several other brokerages have also commented on MUR. Jefferies Financial Group set a $35.00 price objective on Murphy Oil and gave the company a "hold" rating in a report on Saturday, October 17th. Wall Street Zen raised Murphy Oil from a "hold" rating to a "buy" rating in a report on Saturday, October 17th. Weiss Ratings upgraded Murphy Oil from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 6th. The Goldman Sachs Group increased their price target on shares of Murphy Oil from $36.00 to $44.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Wells Fargo & Company reissued a "positive" rating on shares of Murphy Oil in a research report on Tuesday, September 29th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Murphy Oil currently has an average rating of "Hold" and an average target price of $39.75.

Murphy Oil Stock Performance

Shares of Murphy Oil stock opened at $42.97 on Thursday. 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 company has a market capitalization of $6.16 billion, a PE ratio of 21.27 and a beta of 0.59. The company has a 50-day simple moving average of $38.44 and a two-hundred day simple moving average of $36.68. Murphy Oil has a one year low of $26.49 and a one year high of $45.03.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.02). The business had revenue of $926.33 million for the quarter, compared to analysts' expectations of $888.51 million. Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The business's quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, November 16th. Murphy Oil's dividend payout ratio (DPR) is presently 69.31%.

Institutional Trading of Murphy Oil

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citizens Financial Group Inc. RI purchased a new position in shares of Murphy Oil in the third quarter worth about $375,000. Evergreen Capital Management LLC acquired a new position in Murphy Oil during the third quarter worth about $204,000. Compass Wealth Management LLC purchased a new stake in Murphy Oil during the 3rd quarter valued at about $46,000. Root Financial Partners LLC purchased a new stake in Murphy Oil during the 3rd quarter valued at about $44,000. Finally, Crossmark Global Holdings Inc. grew its stake in Murphy Oil by 38.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,990 shares of the oil and gas producer's stock valued at $444,000 after acquiring an additional 3,344 shares in the last quarter. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Murphy Oil News Summary

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

• Positive Sentiment: Broad upward EPS revisions: Zacks lifted its estimates for Q4 2026 EPS to $0.75 from $0.66, FY2026 EPS to $3.02 from $2.92, Q2 2027 EPS to $0.62 from $0.51, and FY2027 EPS to $2.59 from $2.44. Longer-term estimates also increased, including Q1 2028 EPS to $0.93 from $0.74, Q2 2028 EPS to $0.66 from $0.53, Q3 2028 EPS to $0.73 from $0.72, and FY2028 EPS to $2.87 from $2.50. The revisions suggest improving expectations for Murphy Oil’s future profitability.
• Positive Sentiment: Strong Buy rankings add momentum: MUR was included in Zacks’ #1 (Strong Buy) lists for both value and income stocks. These rankings may attract investors seeking relatively inexpensive energy exposure and shareholder income. Best Value Stocks to Buy for October 29th Best Income Stocks to Buy for October 29th
• Neutral Sentiment: Valuation and technical backdrop: Murphy Oil trades at approximately 21 times earnings and its shares are above both the 50-day and 200-day moving averages, indicating strong recent momentum. Still, the stock is close to its 52-week high, which could limit near-term upside unless earnings or oil prices provide additional support.
• Negative Sentiment: Earnings-beat concerns remain: Zacks said Murphy Oil lacks the preferred combination of factors for a likely beat in its upcoming earnings report. A separate revision lowered Q4 2027 EPS to $0.72 from $0.74, showing that expectations are not uniformly improving. Murphy Oil Earnings Expected to Grow

Murphy Oil Company Profile

Murphy Oil Corporation NYSE: MUR is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids, with a focus on high-quality assets in North America.

The company's operations are primarily located in the United States, including onshore assets in the Eagle Ford Shale of South Texas and offshore properties in the Gulf of Mexico. Murphy Oil has also historically maintained exploration and production interests in Canada and other international regions, although its current portfolio is concentrated in the United States.

Founded in 1950, Murphy Oil has evolved from a diversified energy company into a focused exploration and production business.

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