Q1 Earnings Estimate for Murphy Oil Issued By Zacks Research

Key Points

• Zacks Research has lowered its Q1 2027 earnings per share estimate for Murphy Oil from $0.48 to $0.45, with the current full-year earnings estimate at $2.94 per share.
• Murphy Oil reported a Q2 earnings per share of $0.27, exceeding expectations, but its revenue declined by 13.4% year-over-year.
• Analyst ratings are mixed, with one Buy, eleven Holds, and two Sells, and the average price target is currently $29.69.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Investment analysts at Zacks Research reduced their Q1 2027 earnings estimates for shares of Murphy Oil in a research report issued to clients and investors on Wednesday, September 3rd. Zacks Research analyst Team now expects that the oil and gas producer will post earnings of $0.45 per share for the quarter, down from their prior estimate of $0.48. The consensus estimate for Murphy Oil's current full-year earnings is $2.94 per share.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company set a $24.00 target price on shares of Murphy Oil and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Johnson Rice downgraded shares of Murphy Oil from an "accumulate" rating to a "hold" rating in a research note on Wednesday, May 21st. UBS Group upped their target price on shares of Murphy Oil from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Roth Capital downgraded shares of Murphy Oil from a "buy" rating to a "neutral" rating and cut their target price for the stock from $27.00 to $25.00 in a research note on Thursday, May 15th. Finally, Morgan Stanley cut their target price on shares of Murphy Oil from $27.00 to $26.00 and set an "underweight" rating on the stock in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Murphy Oil currently has an average rating of "Reduce" and an average price target of $29.69.

Murphy Oil Trading Up 1.5%

Shares of Murphy Oil stock traded up $0.38 on Thursday, reaching $25.31. The company had a trading volume of 3,557,426 shares, compared to its average volume of 2,854,675. The firm's 50 day moving average price is $24.45 and its two-hundred day moving average price is $23.82. The firm has a market cap of $3.61 billion, a PE ratio of 13.11 and a beta of 1.15. Murphy Oil has a 52-week low of $18.94 and a 52-week high of $36.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. The business had revenue of $695.57 million for the quarter, compared to the consensus estimate of $632.51 million. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The business's revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS.

Institutional Trading of Murphy Oil

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in Murphy Oil by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 11,882 shares of the oil and gas producer's stock worth $268,000 after purchasing an additional 1,730 shares during the period. Advisory Services Network LLC increased its holdings in shares of Murphy Oil by 38.5% in the 2nd quarter. Advisory Services Network LLC now owns 47,161 shares of the oil and gas producer's stock valued at $1,170,000 after purchasing an additional 13,114 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Murphy Oil by 105.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 24,008 shares of the oil and gas producer's stock valued at $540,000 after purchasing an additional 12,340 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Murphy Oil by 12.8% in the 2nd quarter. Captrust Financial Advisors now owns 23,402 shares of the oil and gas producer's stock valued at $527,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Murphy Oil by 12.9% in the 2nd quarter. Vident Advisory LLC now owns 24,754 shares of the oil and gas producer's stock valued at $557,000 after purchasing an additional 2,821 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company's stock.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.325 per share. The ex-dividend date was Monday, August 18th. This represents a $1.30 dividend on an annualized basis and a yield of 5.1%. Murphy Oil's dividend payout ratio is currently 67.36%.

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.