FY2026 Earnings Forecast for Murphy Oil Issued By Scotiabank

Murphy Oil Corporation (NYSE:MUR - Free Report) - Research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Murphy Oil in a note issued to investors on Thursday, April 23rd. Scotiabank analyst B. Zhang anticipates that the oil and gas producer will post earnings of $3.65 per share for the year. Scotiabank currently has a "Hold" rating on the stock. The consensus estimate for Murphy Oil's current full-year earnings is $2.53 per share. Scotiabank also issued estimates for Murphy Oil's FY2027 earnings at $3.30 EPS.

A number of other research analysts also recently issued reports on MUR. Barclays upgraded Murphy Oil from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $29.00 to $33.00 in a research note on Friday, March 13th. Roth Mkm reiterated a "neutral" rating on shares of Murphy Oil in a research note on Tuesday, January 6th. Zacks Research upgraded Murphy Oil from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. KeyCorp reiterated a "sector weight" rating on shares of Murphy Oil in a research note on Thursday, January 29th. Finally, The Goldman Sachs Group boosted their price objective on Murphy Oil from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $33.27.

Murphy Oil Trading Up 0.9%

Murphy Oil stock opened at $39.34 on Tuesday. The business has a 50-day simple moving average of $37.07 and a two-hundred day simple moving average of $33.01. The company has a market cap of $5.64 billion, a P/E ratio of 54.64 and a beta of 0.59. Murphy Oil has a 52-week low of $20.16 and a 52-week high of $43.34. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.26.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.21. The business had revenue of $613.08 million during the quarter, compared to the consensus estimate of $650.90 million. Murphy Oil had a return on equity of 3.73% and a net margin of 3.83%.The business's quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Murphy Oil by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,061 shares of the oil and gas producer's stock worth $2,387,000 after purchasing an additional 1,419 shares during the period. United Services Automobile Association bought a new position in Murphy Oil in the 1st quarter worth approximately $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Murphy Oil by 22.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,094 shares of the oil and gas producer's stock worth $7,074,000 after purchasing an additional 45,841 shares during the period. Cetera Investment Advisers boosted its stake in Murphy Oil by 9.8% in the 2nd quarter. Cetera Investment Advisers now owns 31,471 shares of the oil and gas producer's stock worth $708,000 after purchasing an additional 2,819 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Murphy Oil by 437.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the oil and gas producer's stock worth $86,000 after purchasing an additional 3,095 shares during the period. 78.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Murphy Oil news, SVP Daniel R. Hanchera sold 47,320 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $33.79, for a total value of $1,598,942.80. Following the completion of the transaction, the senior vice president directly owned 36,166 shares in the company, valued at $1,222,049.14. This represents a 56.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.79% of the stock is owned by insiders.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, May 18th. Murphy Oil's dividend payout ratio is presently 194.44%.

About Murphy Oil

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company's operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil's exploration and production activities are geographically diversified.

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