Q2 Earnings Estimate for Murphy Oil Issued By Zacks Research

Key Points

• Analysts at Zacks Research have revised their Q2 2027 earnings estimate for Murphy Oil to $0.49 per share, down from a previous estimate of $0.51.
• Murphy Oil's last reported EPS was $0.27, exceeding estimates of $0.21, although revenue fell 13.4% year-over-year.
• The company recently declared a quarterly dividend of $0.325 per share, yielding approximately 5.1% annually, with a payout ratio of 67.36%.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Investment analysts at Zacks Research decreased their Q2 2027 earnings estimates for Murphy Oil in a research note issued to investors on Wednesday, September 3rd. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $0.49 per share for the quarter, down from their previous forecast of $0.51. The consensus estimate for Murphy Oil's current full-year earnings is $2.94 per share. Zacks Research also issued estimates for Murphy Oil's FY2027 earnings at $2.65 EPS.

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

Other analysts have also issued research reports about the stock. UBS Group raised their target price on shares of Murphy Oil from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Mizuho lowered shares of Murphy Oil from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $32.00 to $31.00 in a report on Tuesday, May 13th. Johnson Rice lowered shares of Murphy Oil from an "accumulate" rating to a "hold" rating in a report on Wednesday, May 21st. Scotiabank reaffirmed a "sector perform" rating and set a $26.00 price target (up previously from $22.00) on shares of Murphy Oil in a research note on Friday, July 11th. Finally, Roth Capital downgraded shares of Murphy Oil from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $27.00 to $25.00 in a research note on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $29.69.

Murphy Oil Trading Up 2.5%

NYSE MUR opened at $25.68 on Friday. Murphy Oil has a 52-week low of $18.94 and a 52-week high of $36.63. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.66 billion, a P/E ratio of 13.30 and a beta of 1.15. The firm has a 50-day moving average price of $24.41 and a 200 day moving average price of $23.91.

Institutional Investors Weigh In On Murphy Oil

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in shares of Murphy Oil by 2.8% in the 1st quarter. Fifth Third Bancorp now owns 18,060 shares of the oil and gas producer's stock valued at $513,000 after buying an additional 499 shares during the period. Mustard Seed Financial LLC boosted its holdings in shares of Murphy Oil by 2.9% in the 1st quarter. Mustard Seed Financial LLC now owns 17,861 shares of the oil and gas producer's stock valued at $507,000 after buying an additional 500 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Murphy Oil by 3.2% in the 1st quarter. Penserra Capital Management LLC now owns 17,367 shares of the oil and gas producer's stock valued at $493,000 after buying an additional 532 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Murphy Oil by 0.7% in the 2nd quarter. Franklin Resources Inc. now owns 87,933 shares of the oil and gas producer's stock valued at $1,978,000 after buying an additional 581 shares during the period. Finally, MAI Capital Management boosted its holdings in shares of Murphy Oil by 11.9% in the 2nd quarter. MAI Capital Management now owns 5,723 shares of the oil and gas producer's stock valued at $129,000 after buying an additional 608 shares during the period. Institutional investors own 78.31% of the company's stock.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a $0.325 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.30 annualized dividend and a dividend yield of 5.1%. Murphy Oil's payout ratio is presently 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.

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