Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Key Points

• Zacks Research raised Murphy Oil’s Q3 2027 EPS estimate to $0.71 from $0.69 and issued a “Strong Buy” rating; its Q4 2027 estimate is $0.75 per share.
• Murphy Oil’s latest quarter narrowly missed EPS expectations, reporting $1.55 versus $1.57 forecast, while revenue rose 33.5% year over year to $926.33 million.
• The company declared a quarterly dividend of $0.35, equivalent to $1.40 annually and a 3.2% yield. Institutional investors own 78.31% of the stock, while the broader analyst consensus remains “Hold” with a $39.75 average price target.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Analysts at Zacks Research upped their Q3 2027 earnings estimates for Murphy Oil in a report issued on Thursday, October 29th. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings per share of $0.71 for the quarter, up from their prior estimate of $0.69. Zacks Research has a "Strong-Buy" rating on the stock. 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 2027 earnings at $0.75 EPS.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $926.33 million for the quarter, compared to the consensus estimate of $888.51 million. Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The company's revenue 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.

Other research analysts have also recently issued reports about the company. Scotiabank initiated coverage on Murphy Oil in a report on Wednesday, October 14th. They set a "sector perform" rating and a $41.00 price objective for the company. Morgan Stanley upped their target price on shares of Murphy Oil from $36.00 to $37.00 and gave the stock an "underweight" rating in a research note on Thursday, October 15th. The Goldman Sachs Group increased their price objective on shares of Murphy Oil from $36.00 to $44.00 and gave the company a "neutral" rating in a research note on Tuesday, October 27th. KeyCorp lifted their price target on shares of Murphy Oil from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 15th. Finally, Barclays cut Murphy Oil from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $38.00 to $34.00 in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Murphy Oil has an average rating of "Hold" and an average price target of $39.75.

Murphy Oil Stock Down 0.1%

Murphy Oil stock opened at $43.91 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. Murphy Oil has a 1-year low of $26.49 and a 1-year high of $45.03. The company has a market cap of $6.30 billion, a PE ratio of 21.74 and a beta of 0.52. The stock's 50 day moving average price is $38.68 and its 200 day moving average price is $36.79.

Institutional Investors Weigh In On Murphy Oil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Murphy Oil in the second quarter valued at about $626,514,000. Dimensional Fund Advisors LP lifted its position in shares of Murphy Oil by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,171,385 shares of the oil and gas producer's stock worth $337,081,000 after purchasing an additional 238,326 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Murphy Oil by 105.6% during the 1st 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 lifted its position 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 acquiring an additional 60,190 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Murphy Oil by 0.4% in the first 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 purchasing an additional 6,064 shares during the last quarter. Hedge funds and other institutional investors own 78.31% of the company's stock.

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, November 16th. Murphy Oil's dividend payout ratio is presently 69.31%.

Key Murphy Oil News

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

• Positive Sentiment: Zacks Research upgraded Murphy Oil (MUR) to Strong Buy, citing growing optimism about the company’s earnings outlook. The stock was also added to Zacks’ Strong Buy value and income stock lists. Murphy Oil Upgraded to Strong Buy: What Does It Mean for the Stock?
• Positive Sentiment: Zacks raised multiple EPS forecasts, including estimates for Q3 2026 to $0.41 from $0.40, Q4 2026 to $0.77 from $0.75, FY2026 to $3.05 from $3.02, FY2027 to $2.68 from $2.59 and FY2028 to $2.97 from $2.87. Estimates for several 2027 and 2028 quarters were also increased, signaling stronger expected profitability over the medium term. Murphy Oil analyst estimates
• Neutral Sentiment: The revisions are based on analyst estimates rather than a new company earnings release. Investors should continue to monitor oil and gas prices, production levels and Murphy Oil’s upcoming results, as these factors can materially affect earnings.

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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