Research Analysts Issue Forecasts for Murphy Oil Q3 Earnings

Key Points

• KeyCorp projects that Murphy Oil Corporation will report Q3 2027 earnings of $0.65 per share, with full-year earnings estimated at $2.94 per share.
• Mizuho and Zacks have issued contrasting ratings on Murphy Oil, with Mizuho downgrading its price target from $31.00 to $29.00 and Zacks lowering its rating from "hold" to "strong sell."
• The company declared a quarterly dividend of $0.325 per share, set to be paid on December 1st, representing an annualized yield of 4.7%.

Murphy Oil Corporation (NYSE:MUR - Free Report) - Stock analysts at KeyCorp issued their Q3 2027 earnings per share (EPS) estimates for shares of Murphy Oil in a research report issued to clients and investors on Tuesday, October 14th. KeyCorp analyst T. Rezvan expects that the oil and gas producer will post earnings of $0.65 per share for the quarter. The consensus estimate for Murphy Oil's current full-year earnings is $2.94 per share. KeyCorp also issued estimates for Murphy Oil's FY2027 earnings at $3.20 EPS.

Several other research firms have also weighed in on MUR. Mizuho reduced their price objective on Murphy Oil from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Murphy Oil in a research note on Wednesday, October 8th. Piper Sandler lifted their price objective on Murphy Oil from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Zacks Research lowered Murphy Oil from a "hold" rating to a "strong sell" rating in a research report on Monday, September 15th. Finally, UBS Group boosted their price target on Murphy Oil from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $28.25.

Murphy Oil Stock Performance

NYSE MUR opened at $27.82 on Thursday. The firm has a market capitalization of $3.97 billion, a P/E ratio of 14.41 and a beta of 1.03. Murphy Oil has a 1-year low of $18.94 and a 1-year high of $34.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.77. The business's 50-day simple moving average is $26.17 and its 200-day simple moving average is $24.17.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) EPS for the quarter. The business had revenue of $440.08 million during the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Murphy Oil by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,974,008 shares of the oil and gas producer's stock worth $226,461,000 after buying an additional 35,826 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Murphy Oil by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,700,148 shares of the oil and gas producer's stock worth $128,253,000 after buying an additional 89,382 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Murphy Oil by 72.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 4,812,267 shares of the oil and gas producer's stock worth $136,668,000 after buying an additional 2,029,685 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Murphy Oil by 7.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,766,534 shares of the oil and gas producer's stock worth $107,247,000 after acquiring an additional 312,904 shares during the period. Finally, LSV Asset Management boosted its position in Murphy Oil by 3.3% during the 2nd quarter. LSV Asset Management now owns 3,751,712 shares of the oil and gas producer's stock worth $84,414,000 after acquiring an additional 118,689 shares during the period. 78.31% of the stock is currently owned by institutional investors.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, November 17th. Murphy Oil's dividend payout ratio is presently 67.36%.

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.

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