Zacks Research Predicts Murphy Oil’s Q1 Earnings (NYSE:MUR)

Murphy Oil Corporation (NYSE:MUR) – Research analysts at Zacks Research decreased their Q1 2027 earnings estimates for shares of Murphy Oil in a research note issued on Wednesday, September 3rd. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.48. The consensus estimate for Murphy Oil’s current full-year earnings is $2.94 per share.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The company had revenue of $695.57 million for the quarter, compared to analysts’ expectations of $632.51 million. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The firm’s revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS.

A number of other brokerages have also recently commented on MUR. Morgan Stanley decreased their target price on shares of Murphy Oil from $27.00 to $26.00 and set an “underweight” rating on the stock in a research report on Friday, May 23rd. Johnson Rice lowered shares of Murphy Oil from an “accumulate” rating to a “hold” rating in a report on Wednesday, May 21st. UBS Group raised their price target on shares of Murphy Oil from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Mizuho lowered shares of Murphy Oil from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $32.00 to $31.00 in a report on Tuesday, May 13th. Finally, Barclays raised their price target on shares of Murphy Oil from $22.00 to $23.00 and gave the stock an “underweight” rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Murphy Oil presently has a consensus rating of “Reduce” and a consensus price target of $29.69.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $24.92 on Thursday. The stock has a market cap of $3.56 billion, a PE ratio of 12.91 and a beta of 1.15. The company’s fifty day moving average is $24.45 and its 200 day moving average is $23.88. 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.

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 paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.2%. Murphy Oil’s payout ratio is presently 67.36%.

Institutional Investors Weigh In On Murphy Oil

A number of large investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its position in Murphy Oil by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 11,882 shares of the oil and gas producer’s stock valued at $268,000 after acquiring an additional 1,730 shares during the period. Advisory Services Network LLC lifted its stake in shares of Murphy Oil by 38.5% in the second quarter. Advisory Services Network LLC now owns 47,161 shares of the oil and gas producer’s stock worth $1,170,000 after buying an additional 13,114 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Murphy Oil by 105.8% in the second quarter. Tower Research Capital LLC TRC now owns 24,008 shares of the oil and gas producer’s stock worth $540,000 after buying an additional 12,340 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Murphy Oil by 12.8% during the second quarter. Captrust Financial Advisors now owns 23,402 shares of the oil and gas producer’s stock valued at $527,000 after purchasing an additional 2,662 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of Murphy Oil by 12.9% during the second quarter. Vident Advisory LLC now owns 24,754 shares of the oil and gas producer’s stock valued at $557,000 after purchasing an additional 2,821 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

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.