FY2026 Earnings Estimate for Murphy Oil Issued By Scotiabank

Murphy Oil Corporation (NYSE:MUR - Free Report) - Stock analysts at Scotiabank upped their FY2026 earnings per share estimates for Murphy Oil in a research note issued on Tuesday, July 15th. Scotiabank analyst P. Cheng now expects that the oil and gas producer will post earnings of $2.75 per share for the year, up from their prior estimate of $2.45. Scotiabank currently has a "Sector Perform" rating and a $26.00 target price on the stock. The consensus estimate for Murphy Oil's current full-year earnings is $2.94 per share.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company set a $24.00 price objective on Murphy Oil and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Morgan Stanley cut their price target on shares of Murphy Oil from $27.00 to $26.00 and set an "underweight" rating on the stock in a report on Friday, May 23rd. Barclays increased their price target on Murphy Oil from $22.00 to $23.00 and gave the stock an "underweight" rating in a research report on Monday, July 7th. Roth Capital cut shares of Murphy Oil from a "buy" rating to a "neutral" rating and reduced their target price for the company from $27.00 to $25.00 in a research report on Thursday, May 15th. Finally, Mizuho downgraded Murphy Oil from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $32.00 to $31.00 in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $29.46.

Murphy Oil Stock Down 0.3%

MUR traded down $0.07 during trading on Friday, reaching $24.41. The company had a trading volume of 550,379 shares, compared to its average volume of 2,400,667. Murphy Oil has a 12 month low of $18.95 and a 12 month high of $41.81. The business's fifty day moving average price is $23.35 and its 200 day moving average price is $25.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.76 and a quick ratio of 0.69. The company has a market cap of $3.48 billion, a P/E ratio of 9.39 and a beta of 1.09.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. Murphy Oil had a net margin of 13.47% and a return on equity of 6.81%. The business had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. During the same period in the previous year, the firm posted $0.85 earnings per share. The business's revenue for the quarter was down 15.4% compared to the same quarter last year.

Institutional Investors Weigh In On Murphy Oil

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its stake in Murphy Oil by 342.8% in the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 641 shares during the period. Riverview Trust Co purchased a new stake in shares of Murphy Oil in the first quarter worth about $26,000. Brooklyn Investment Group boosted its holdings in Murphy Oil by 3,989.7% in the first quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 1,157 shares during the period. GeoWealth Management LLC acquired a new stake in shares of Murphy Oil during the fourth quarter worth about $39,000. Finally, Byrne Asset Management LLC purchased a new stake in Murphy Oil in the 1st quarter valued at approximately $44,000. Institutional investors own 78.31% of the company's stock.

About Murphy Oil

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.