FY2026 Earnings Forecast for Murphy Oil Issued By Scotiabank

Murphy Oil Corporation (NYSE:MUR - Free Report) - Investment analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Murphy Oil in a research report issued to clients and investors on Tuesday, July 15th. Scotiabank analyst P. Cheng now expects that the oil and gas producer will post earnings per share of $2.75 for the year, up from their previous 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.

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

A number of other equities research analysts have also commented on the company. Morgan Stanley reduced their price target on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating on the stock in a research report on Friday, May 23rd. UBS Group reduced their price target on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Mizuho lowered Murphy Oil from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $32.00 to $31.00 in a research report on Tuesday, May 13th. Roth Capital lowered Murphy Oil from a "buy" rating to a "neutral" rating and reduced their price target for the company from $27.00 to $25.00 in a research report on Thursday, May 15th. Finally, Piper Sandler reduced their price target on Murphy Oil from $35.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Murphy Oil has a consensus rating of "Hold" and an average target price of $29.46.

Murphy Oil Price Performance

MUR stock traded down $0.25 during midday trading on Friday, reaching $24.49. 2,131,367 shares of the stock were exchanged, compared to its average volume of 2,402,334. The stock has a market capitalization of $3.50 billion, a PE ratio of 9.42 and a beta of 1.09. Murphy Oil has a 52 week low of $18.95 and a 52 week high of $41.98. 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 fifty day moving average price of $23.35 and a 200 day moving average price of $25.22.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of Murphy Oil by 342.8% in the fourth 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 last quarter. Riverview Trust Co bought a new position in shares of Murphy Oil in the first quarter valued at approximately $26,000. Brooklyn Investment Group increased its position in shares of Murphy Oil by 3,989.7% during the first quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 1,157 shares during the last quarter. GeoWealth Management LLC purchased a new stake in shares of Murphy Oil during the fourth quarter valued at approximately $39,000. Finally, Byrne Asset Management LLC bought a new position in Murphy Oil during the first quarter valued at $44,000. 78.31% of the stock is owned by institutional investors and hedge funds.

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.