Zacks Research Predicts Murphy Oil's Q3 Earnings (NYSE:MUR)

Key Points

• Zacks Research raised Murphy Oil’s Q3 2026 EPS estimate to $0.40 from $0.39, while full-year earnings are projected at $3.65 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $39.75; targets from major firms range from $37 to $44.
• Murphy Oil declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 3.2% yield; institutional investors own 78.31% of the stock.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Research analysts at Zacks Research lifted their Q3 2026 earnings per share estimates for Murphy Oil in a report released on Tuesday, October 27th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.39. 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 2027 earnings at $0.72 EPS.

Other equities research analysts also recently issued research reports about the stock. Scotiabank assumed coverage on shares of Murphy Oil in a research note on Wednesday, October 14th. They set a "sector perform" rating and a $41.00 price target on the stock. Wells Fargo & Company restated a "positive" rating on shares of Murphy Oil in a research note on Tuesday, September 29th. Morgan Stanley lifted their price objective on Murphy Oil from $36.00 to $37.00 and gave the company an "underweight" rating in a report on Thursday, October 15th. UBS Group upped their price objective on Murphy Oil from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Wednesday, October 14th. Finally, The Goldman Sachs Group increased their target price on Murphy Oil from $36.00 to $44.00 and gave the stock a "neutral" rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Murphy Oil currently has a consensus rating of "Hold" and an average target price of $39.75.

Murphy Oil Trading Down 2.5%

MUR opened at $43.13 on Wednesday. The stock's 50 day simple moving average is $38.29 and its 200-day simple moving average is $36.63. The stock has a market cap of $6.18 billion, a PE ratio of 21.35 and a beta of 0.59. Murphy Oil has a 1 year low of $26.49 and a 1 year high of $45.03.

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 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. During the same period in the prior year, the company earned $0.27 EPS. The company's revenue for the quarter was up 33.5% on a year-over-year basis.

Hedge Funds Weigh In On Murphy Oil

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Murphy Oil in the second quarter valued at approximately $626,514,000. Dimensional Fund Advisors LP boosted its position in Murphy Oil by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,171,385 shares of the oil and gas producer's stock valued at $337,081,000 after buying an additional 238,326 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Murphy Oil by 105.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,310,884 shares of the oil and gas producer's stock valued at $136,574,000 after buying an additional 1,700,498 shares during the period. Bank of America Corp DE increased its stake in shares of 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 raised its position in shares of Murphy Oil by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 1,571,120 shares of the oil and gas producer's stock worth $64,809,000 after acquiring an additional 6,064 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Announces Dividend

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

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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