Q4 Earnings Forecast for Murphy Oil Issued By Zacks Research

Key Points

• Zacks Research raised Murphy Oil’s Q4 2027 EPS forecast to $0.77 from $0.69; full-year earnings are estimated at $2.98 per share.
• Murphy Oil’s latest quarter produced $1.55 EPS, slightly below consensus, while revenue rose 33.5% year over year to $926.33 million.
• Analysts maintain a consensus “Hold” rating with an average price target of $37.58; the company also declared a quarterly dividend of $0.35, yielding about 3.8% annually.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Equities researchers at Zacks Research boosted their Q4 2027 earnings estimates for shares of Murphy Oil in a research note issued to investors on Wednesday, August 19th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings per share of $0.77 for the quarter, up from their previous forecast of $0.69. The consensus estimate for Murphy Oil's current full-year earnings is $2.98 per share.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%.The company had revenue of $926.33 million during the quarter, compared to the consensus estimate of $888.51 million. During the same period in the previous year, the business earned $0.27 earnings per share. Murphy Oil's revenue was up 33.5% on a year-over-year basis.

Several other brokerages have also issued reports on MUR. Roth Capital reissued a "neutral" rating and issued a $36.00 target price on shares of Murphy Oil in a research report on Thursday, May 7th. Mizuho upgraded Murphy Oil to a "hold" rating in a research note on Friday, July 31st. Jefferies Financial Group cut shares of Murphy Oil from a "buy" rating to an "underperform" rating in a report on Thursday, June 4th. Wells Fargo & Company increased their target price on Murphy Oil from $42.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. Finally, Barclays cut Murphy Oil from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $38.00 to $34.00 in a report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $37.58.

Murphy Oil Price Performance

Shares of Murphy Oil stock opened at $36.84 on Thursday. The stock has a market capitalization of $5.28 billion, a P/E ratio of 18.24 and a beta of 0.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The business's 50 day simple moving average is $35.57 and its two-hundred day simple moving average is $36.48. Murphy Oil has a one year low of $21.86 and a one year high of $43.34.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $2,387,000 after acquiring an additional 1,419 shares during the period. United Services Automobile Association acquired a new position in shares of Murphy Oil in the first quarter worth about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Murphy Oil by 22.6% in 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 purchasing an additional 45,841 shares during the period. Cetera Investment Advisers increased its holdings in Murphy Oil by 9.8% in the 2nd quarter. Cetera Investment Advisers now owns 31,471 shares of the oil and gas producer's stock worth $708,000 after acquiring an additional 2,819 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Murphy Oil by 437.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the oil and gas producer's stock worth $86,000 after purchasing an additional 3,095 shares in the last quarter. Institutional investors own 78.31% of the company's stock.

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 17th. Murphy Oil's dividend payout ratio is presently 69.31%.

Murphy Oil Company Profile

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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