Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Key Points

• Zacks Research raised Murphy Oil’s Q3 2026 EPS estimate to $0.41 from $0.40 and issued additional earnings forecasts through 2028, signaling expectations for improving profitability.
• Murphy Oil’s latest quarter delivered 33.5% year-over-year revenue growth but narrowly missed EPS expectations, reporting $1.55 versus the $1.57 consensus estimate.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a $39.75 consensus price target, while Murphy Oil declared a $0.35 quarterly dividend, yielding approximately 3.3% annually.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Investment analysts at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for shares of Murphy Oil in a note issued to investors on Thursday, October 29th. Zacks Research analyst Team now expects that the oil and gas producer will earn $0.41 per share for the quarter, up from their prior estimate of $0.40. The consensus estimate for Murphy Oil's current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Murphy Oil's Q4 2026 earnings at $0.77 EPS, FY2026 earnings at $3.05 EPS, Q1 2027 earnings at $0.59 EPS, Q2 2027 earnings at $0.64 EPS, FY2027 earnings at $2.68 EPS, Q1 2028 earnings at $0.97 EPS, Q2 2028 earnings at $0.69 EPS, Q3 2028 earnings at $0.75 EPS and FY2028 earnings at $2.97 EPS.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its 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 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 firm's revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share.

A number of other research analysts have also weighed in on MUR. Wells Fargo & Company reissued a "positive" rating on shares of Murphy Oil in a research report on Tuesday, September 29th. KeyCorp increased their target price on Murphy Oil from $43.00 to $47.00 and gave the stock an "overweight" rating in a report on Tuesday, September 15th. Scotiabank assumed coverage on shares of Murphy Oil in a research note on Wednesday, October 14th. They issued a "sector perform" rating and a $41.00 target price for the company. Jefferies Financial Group set a $35.00 target price on shares of Murphy Oil and gave the stock a "hold" rating in a report on Saturday, October 17th. Finally, UBS Group lifted their target price on Murphy Oil from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, October 14th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $39.75.

Murphy Oil Trading Down 0.4%

Shares of MUR stock opened at $42.80 on Friday. Murphy Oil has a 12 month low of $26.49 and a 12 month high of $45.03. The company has a market cap of $6.14 billion, a PE ratio of 21.19 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The business's 50 day moving average is $38.56 and its two-hundred day moving average is $36.73.

Murphy Oil Announces Dividend

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

Institutional Trading of Murphy Oil

Several hedge funds have recently added to or reduced their stakes in MUR. Leonteq Securities AG bought a new position in Murphy Oil in the first quarter valued at approximately $29,000. Valued Wealth Advisors LLC increased its position in shares of Murphy Oil by 14,700.0% during the first quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer's stock worth $31,000 after buying an additional 735 shares during the period. Root Financial Partners LLC acquired a new position in shares of Murphy Oil in the 3rd quarter valued at about $44,000. Compass Wealth Management LLC bought a new position in shares of Murphy Oil during the 3rd quarter worth approximately $46,000. Finally, Mather Group LLC. bought a new position in Murphy Oil during the third quarter worth $51,000. 78.31% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Murphy Oil

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

• Positive Sentiment: Zacks upgraded Murphy Oil to Rank #1 (Strong Buy), citing improving earnings prospects. The stock was also added to Zacks’ Strong Buy, value, and income-stock lists, which could increase investor interest. Murphy Oil Upgraded to Strong Buy
• Positive Sentiment: Zacks Research raised multiple EPS forecasts, including estimates for Q4 2026 to $0.75 from $0.66, FY2026 to $3.02 from $2.92, FY2027 to $2.59 from $2.44, and FY2028 to $2.87 from $2.50. Several quarterly estimates were also increased, indicating stronger expected profitability over the next several years. Murphy Oil analyst earnings estimates
• Positive Sentiment: The estimate revisions improve Murphy Oil’s earnings outlook, while the company’s recent results showed revenue growth of 33.5% year over year. Its shares are also trading well above their 50-day and 200-day moving averages, reflecting favorable recent momentum.
• Neutral Sentiment: A Zacks analysis highlighted value, growth, and momentum factors but questioned whether Murphy Oil has the right combination of indicators for a likely earnings beat in its upcoming report. This creates uncertainty ahead of results. Murphy Oil earnings expected to grow
• Negative Sentiment: Zacks Research trimmed its Q4 2027 EPS estimate to $0.72 from $0.74. In addition, Murphy Oil previously narrowly missed quarterly EPS expectations, which may be contributing to some investor caution despite the broader series of upward revisions. Murphy Oil research coverage

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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