Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Murphy Oil to $0.21 from $0.18 and maintained a Hold rating; the consensus full‑year EPS estimate is $2.94.
• Analyst consensus remains Hold with a consensus target price of $32.36, although firms like UBS and Barclays recently lifted price targets into the low‑$30s and moved ratings to neutral/equal weight.
• Shares opened at $38.82 (above the consensus target); Murphy pays a quarterly dividend of $0.35 (a 3.6% yield) but has a high dividend payout ratio of 194%, and an SVP recently sold 47,320 shares.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Analysts at Zacks Research upped their Q3 2026 earnings estimates for shares of Murphy Oil in a report issued on Friday, April 10th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings per share of $0.21 for the quarter, up from their previous forecast of $0.18. Zacks Research has a "Hold" rating on the stock. 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 Q4 2026 earnings at $0.22 EPS, Q1 2027 earnings at $0.15 EPS, Q2 2027 earnings at $0.12 EPS, Q3 2027 earnings at $0.42 EPS, FY2027 earnings at $0.99 EPS, Q1 2028 earnings at $0.16 EPS and FY2028 earnings at $1.21 EPS.

A number of other research firms also recently commented on MUR. Wall Street Zen raised shares of Murphy Oil from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. UBS Group raised their price objective on shares of Murphy Oil from $30.00 to $34.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Murphy Oil in a report on Friday, March 27th. Barclays raised shares of Murphy Oil from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $29.00 to $33.00 in a report on Friday, March 13th. Finally, Roth Mkm reaffirmed a "neutral" rating on shares of Murphy Oil in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Murphy Oil has a consensus rating of "Hold" and a consensus target price of $32.36.

Murphy Oil Stock Performance

NYSE MUR opened at $38.82 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 53.92 and a beta of 0.59. The company's fifty day moving average is $35.70 and its two-hundred day moving average is $32.33. Murphy Oil has a 52-week low of $19.43 and a 52-week high of $43.34.

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

Hedge Funds Weigh In On Murphy Oil

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

Insider Transactions at Murphy Oil

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

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, May 18th. Murphy Oil's dividend payout ratio (DPR) is currently 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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