Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Key Points

• Zacks Research lowered Murphy Oil’s Q3 EPS forecast to $0.72 from $0.74, while the full-year consensus estimate stands at $2.64 per share.
• Murphy Oil’s latest quarterly results missed EPS expectations slightly, reporting $1.55 versus the $1.57 consensus, although revenue reached $926.3 million and increased 33.5% year over year.
• Analysts collectively rate the stock “Hold,” with a consensus price target of $37.83 versus a recent price of $37.54; the company also offers a $0.35 quarterly dividend, yielding about 3.7%.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Equities researchers at Zacks Research cut their Q3 2028 EPS estimates for shares of Murphy Oil in a research note issued to investors on Monday, September 28th. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $0.72 per share for the quarter, down from their prior forecast of $0.74. The consensus estimate for Murphy Oil's current full-year earnings is $2.64 per share.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). The business had revenue of $926.33 million during the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.27 EPS.

MUR has been the topic of several other reports. Jefferies Financial Group lowered Murphy Oil from a "buy" rating to an "underperform" rating in a research 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 report on Wednesday, August 19th. Mizuho upgraded shares of Murphy Oil to a "hold" rating in a research report on Friday, July 31st. KeyCorp upped their target price 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. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $34.00 price target on shares of Murphy Oil in a report on Monday, September 7th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $37.83.

Murphy Oil Trading Up 1.4%

Shares of NYSE MUR opened at $37.54 on Friday. Murphy Oil has a 12-month low of $26.49 and a 12-month high of $43.34. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 18.58 and a beta of 0.59. 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 stock's 50 day simple moving average is $36.81 and its 200 day simple moving average is $37.36.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MUR. Leonteq Securities AG bought a new position in Murphy Oil during the 1st quarter valued at $29,000. Valued Wealth Advisors LLC lifted its holdings in shares of Murphy Oil by 14,700.0% in the first quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 735 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Murphy Oil during the second quarter valued at about $54,000. EverSource Wealth Advisors LLC grew its holdings in Murphy Oil by 32.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,352 shares of the oil and gas producer's stock worth $97,000 after acquiring an additional 581 shares during the period. Finally, Allworth Financial LP bought a new stake in Murphy Oil in the second quarter worth about $91,000. Institutional investors and hedge funds own 78.31% of the company's stock.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, August 17th. Murphy Oil's dividend payout ratio is currently 69.31%.

More Murphy Oil News

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

• Neutral Sentiment: Murphy Oil will release third-quarter 2026 financial and operating results after the market closes on November 4 and hold a conference call the following morning. The event could provide guidance on production, commodity-price exposure and capital spending. Murphy Oil schedules third-quarter 2026 conference call
• Neutral Sentiment: The average analyst price target is $37.83, only modestly above the stock’s recent trading level near $37.54. This suggests limited implied upside and no strong near-term valuation signal. Murphy Oil average target price
• Negative Sentiment: Zacks Research lowered its Murphy Oil EPS forecasts across multiple periods, including fourth-quarter 2026 to $0.66 from $0.73, full-year 2026 to $2.92 from $2.99, and full-year 2027 to $2.44 from $2.53. It also reduced estimates for the second and third quarters of 2027. The broad revisions signal softer expected earnings momentum and could weigh on investor sentiment. Zacks Research earnings estimate revisions for Murphy Oil

About Murphy Oil

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.

The company's current operations are concentrated in the United States and Canada. In the United States, Murphy Oil has assets in the Eagle Ford and Gulf Coast onshore regions, as well as interests in the Gulf of Mexico. In Canada, the company operates in Western Canadian plays, including the Tupper Montney area.

Murphy Oil was incorporated in 1950 and has historically pursued exploration and production opportunities in several international markets in addition to North America.

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