Q3 EPS Estimates for Murphy Oil Lowered by Zacks Research

Murphy Oil Co. (NYSE:MUR - Free Report) - Equities research analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for Murphy Oil in a note issued to investors on Wednesday, May 21st. Zacks Research analyst J. Saha now anticipates that the oil and gas producer will post earnings of $0.68 per share for the quarter, down from their previous forecast of $0.80. 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 $0.63 EPS.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The business had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. During the same period in the previous year, the company posted $0.85 EPS. The business's quarterly revenue was down 15.4% compared to the same quarter last year.

MUR has been the topic of a number of other reports. Mizuho cut Murphy Oil from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $32.00 to $31.00 in a report on Tuesday, May 13th. Morgan Stanley cut their price objective on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating for the company in a research note on Friday, May 23rd. Scotiabank decreased their target price on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Roth Capital downgraded shares of Murphy Oil from a "buy" rating to a "neutral" rating and lowered their price target for the company from $27.00 to $25.00 in a report on Thursday, May 15th. Finally, Truist Financial lowered shares of Murphy Oil from a "buy" rating to a "hold" rating and dropped their price target for the stock from $42.00 to $31.00 in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $29.23.

Murphy Oil Stock Performance

NYSE MUR traded up $0.14 during trading hours on Friday, hitting $21.57. 1,172,025 shares of the company's stock traded hands, compared to its average volume of 2,205,413. Murphy Oil has a 52 week low of $18.95 and a 52 week high of $43.02. The firm has a market capitalization of $3.08 billion, a P/E ratio of 8.03 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The business's fifty day moving average price is $22.63 and its two-hundred day moving average price is $27.09.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC boosted its stake in shares of Murphy Oil by 27.9% during the 1st quarter. Intech Investment Management LLC now owns 162,534 shares of the oil and gas producer's stock worth $4,616,000 after purchasing an additional 35,429 shares during the period. Bayforest Capital Ltd lifted its stake in Murphy Oil by 4,974.8% in the first quarter. Bayforest Capital Ltd now owns 14,514 shares of the oil and gas producer's stock worth $412,000 after purchasing an additional 14,228 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Murphy Oil by 22.6% during the first 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 buying an additional 45,841 shares during the period. United Services Automobile Association purchased a new position in shares of Murphy Oil during the first quarter valued at approximately $265,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Murphy Oil by 1.7% during the first 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 buying an additional 1,419 shares during the last quarter. Institutional investors own 78.31% of the company's stock.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Friday, May 16th. Murphy Oil's payout ratio is 50.00%.

Murphy Oil Company Profile

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.