Brokerages Expect Murphy Oil Co. (MUR) to Post $0.29 Earnings Per Share

Brokerages expect Murphy Oil Co. (NYSE:MUR) to announce $0.29 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Murphy Oil’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.18. Murphy Oil posted earnings per share of $0.08 in the same quarter last year, which would suggest a positive year-over-year growth rate of 262.5%. The company is expected to announce its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Murphy Oil will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.11 to $1.35. For the next year, analysts expect that the company will post earnings of $0.25 per share, with EPS estimates ranging from ($0.47) to $0.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Murphy Oil.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). Murphy Oil had a net margin of 0.86% and a return on equity of 3.77%. The firm had revenue of $674.80 million for the quarter, compared to analysts’ expectations of $633.20 million. During the same period in the prior year, the firm earned ($0.38) EPS. Murphy Oil’s revenue for the quarter was up 35.4% compared to the same quarter last year.

Several equities analysts have weighed in on MUR shares. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Murphy Oil in a report on Friday, September 28th. Zacks Investment Research downgraded shares of Murphy Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 9th. National Alliance Securities raised shares of Murphy Oil from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Credit Suisse Group boosted their target price on shares of Murphy Oil from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 11th. Finally, Morgan Stanley reissued a “sell” rating and issued a $30.00 target price (up previously from $24.00) on shares of Murphy Oil in a report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.31.

In related news, insider Kelli M. Hammock sold 2,595 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $31.56, for a total transaction of $81,898.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Claiborne P. Deming purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were acquired at an average cost of $31.60 per share, for a total transaction of $316,000.00. The disclosure for this purchase can be found here. 6.59% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama increased its position in Murphy Oil by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 210,915 shares of the oil and gas producer’s stock valued at $4,933,000 after acquiring an additional 702 shares during the last quarter. Dupont Capital Management Corp increased its position in Murphy Oil by 4.3% during the third quarter. Dupont Capital Management Corp now owns 40,051 shares of the oil and gas producer’s stock valued at $1,335,000 after acquiring an additional 1,664 shares during the last quarter. GHP Investment Advisors Inc. increased its position in Murphy Oil by 29.3% during the third quarter. GHP Investment Advisors Inc. now owns 8,294 shares of the oil and gas producer’s stock valued at $277,000 after acquiring an additional 1,879 shares during the last quarter. Strs Ohio increased its position in Murphy Oil by 24.1% during the third quarter. Strs Ohio now owns 10,897 shares of the oil and gas producer’s stock valued at $363,000 after acquiring an additional 2,116 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Murphy Oil by 5.9% during the third quarter. Thrivent Financial for Lutherans now owns 39,242 shares of the oil and gas producer’s stock valued at $1,308,000 after acquiring an additional 2,182 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

NYSE:MUR traded down $0.79 during trading hours on Friday, hitting $26.79. 1,749,073 shares of the stock traded hands, compared to its average volume of 2,036,450. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.58 and a quick ratio of 1.47. Murphy Oil has a 1 year low of $21.51 and a 1 year high of $36.53. The company has a market capitalization of $4.77 billion, a P/E ratio of -206.08 and a beta of 2.19.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.

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