Wall Street analysts expect Murphy Oil Co. (NYSE:MUR) to post $0.23 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Murphy Oil’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.12. Murphy Oil reported earnings of $0.35 per share during the same quarter last year, which would suggest a negative year over year growth rate of 34.3%. The business is scheduled to issue its next earnings results before the market opens on Thursday, October 31st.
On average, analysts expect that Murphy Oil will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.74 to $0.97. For the next financial year, analysts forecast that the firm will report earnings of $0.70 per share, with EPS estimates ranging from ($0.14) to $1.33. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Murphy Oil.
Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The company had revenue of $709.00 million during the quarter, compared to the consensus estimate of $612.71 million. Murphy Oil had a return on equity of 3.48% and a net margin of 12.37%. The firm’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS.
MUR has been the subject of several research reports. Credit Suisse Group reduced their target price on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. UBS Group reduced their target price on Murphy Oil from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. MKM Partners set a $38.00 target price on Murphy Oil and gave the company a “buy” rating in a research note on Monday, August 12th. BMO Capital Markets initiated coverage on Murphy Oil in a research note on Monday, September 30th. They issued an “outperform” rating and a $27.00 target price for the company. Finally, Morgan Stanley reduced their target price on Murphy Oil from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $30.47.
In other Murphy Oil news, Director Walentin Mirosh sold 1,360 shares of Murphy Oil stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.52, for a total transaction of $25,187.20. Following the completion of the transaction, the director now owns 25,365 shares in the company, valued at approximately $469,759.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.46% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of MUR. PNC Financial Services Group Inc. lifted its position in shares of Murphy Oil by 0.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 54,738 shares of the oil and gas producer’s stock worth $1,603,000 after buying an additional 501 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Murphy Oil by 8.5% during the 1st quarter. Advisory Services Network LLC now owns 15,225 shares of the oil and gas producer’s stock worth $446,000 after buying an additional 1,187 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Murphy Oil by 4.1% during the 2nd quarter. WINTON GROUP Ltd now owns 362,518 shares of the oil and gas producer’s stock worth $8,936,000 after buying an additional 14,214 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Murphy Oil by 3.8% during the 2nd quarter. First Hawaiian Bank now owns 16,062 shares of the oil and gas producer’s stock worth $396,000 after buying an additional 583 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Murphy Oil by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 65,643 shares of the oil and gas producer’s stock worth $1,618,000 after buying an additional 930 shares in the last quarter. 90.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MUR traded up $0.40 during trading hours on Monday, hitting $19.06. The stock had a trading volume of 1,994,659 shares, compared to its average volume of 2,543,508. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.25 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $20.73 and a 200-day simple moving average of $23.43. The firm has a market capitalization of $3.08 billion, a P/E ratio of 15.13 and a beta of 2.03. Murphy Oil has a 1-year low of $17.04 and a 1-year high of $34.85.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.25%. Murphy Oil’s dividend payout ratio (DPR) is currently 79.37%.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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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