Murphy Oil (MUR) to Release Earnings on Wednesday

Murphy Oil (NYSE:MUR - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect Murphy Oil to post earnings of $0.45 per share and revenue of $684.89 million for the quarter.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.27). Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. During the same quarter in the prior year, the company earned $0.90 earnings per share. On average, analysts expect Murphy Oil to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Murphy Oil Stock Performance

Shares of NYSE:MUR traded up $0.65 during midday trading on Friday, hitting $21.76. The company had a trading volume of 4,076,236 shares, compared to its average volume of 2,109,723. Murphy Oil has a 12-month low of $18.95 and a 12-month high of $45.31. The company has a fifty day moving average of $23.99 and a two-hundred day moving average of $28.39. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 8.09 and a beta of 1.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Friday, May 16th. Murphy Oil's payout ratio is 48.33%.

Insider Activity at Murphy Oil

In other news, Director Claiborne P. Deming acquired 50,000 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $26.47 per share, with a total value of $1,323,500.00. Following the acquisition, the director now directly owns 931,651 shares of the company's stock, valued at approximately $24,660,801.97. The trade was a 5.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Meenambigai Palanivelu bought 1,573 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $26.70 per share, with a total value of $41,999.10. Following the completion of the acquisition, the vice president now owns 37,065 shares of the company's stock, valued at $989,635.50. This represents a 4.43 % increase in their position. The disclosure for this purchase can be found here. 6.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price objective on Murphy Oil from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. UBS Group dropped their price target on shares of Murphy Oil from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Roth Capital set a $37.00 price objective on shares of Murphy Oil in a research report on Thursday, January 23rd. Truist Financial downgraded shares of Murphy Oil from a "buy" rating to a "hold" rating and dropped their target price for the stock from $42.00 to $31.00 in a report on Friday, January 31st. Finally, Barclays cut Murphy Oil from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $32.00 to $24.00 in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.23.

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.