Murphy Oil Corporation (NYSE:MUR – Free Report) – Investment analysts at Zacks Research boosted their Q3 2027 EPS estimates for Murphy Oil in a research note issued to investors on Thursday, October 29th. Zacks Research analyst Team now anticipates that the oil and gas producer will earn $0.71 per share for the quarter, up from their prior estimate of $0.69. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $3.68 per share. Zacks Research also issued estimates for Murphy Oil’s Q4 2027 earnings at $0.75 EPS.
Murphy Oil (NYSE:MUR – Get Free Report) last posted its 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). The business had revenue of $926.33 million for the quarter, compared to analyst estimates of $888.51 million. Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. Murphy Oil’s revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share.
Other analysts have also recently issued reports about the company. Weiss Ratings upgraded Murphy Oil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. BMO Capital Markets reiterated a “market perform” rating on shares of Murphy Oil in a research report on Wednesday, October 14th. KeyCorp increased their target price on Murphy Oil from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Wall Street Zen raised shares of Murphy Oil from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Finally, UBS Group boosted their price target on shares of Murphy Oil from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.75.
Get Our Latest Research Report on Murphy Oil
Murphy Oil Stock Performance
Shares of MUR stock opened at $40.14 on Monday. The company has a market capitalization of $5.76 billion, a P/E ratio of 19.87 and a beta of 0.59. The business’s 50 day moving average is $38.73 and its two-hundred day moving average is $36.83. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Murphy Oil has a 12-month low of $26.49 and a 12-month high of $45.03.
Hedge Funds Weigh In On Murphy Oil
A number of hedge funds have recently made changes to their positions in the company. Jupiter Topco LLC acquired a new stake in shares of Murphy Oil in the 2nd quarter worth $2,065,000. SailingStone Capital Partners LLC purchased a new position in shares of Murphy Oil during the 2nd quarter worth $15,852,000. Bank of America Corp DE purchased a new position in shares of Murphy Oil during the 2nd quarter worth $45,719,000. Legal & General Group Plc purchased a new position in shares of Murphy Oil during the 2nd quarter worth $5,789,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Murphy Oil during the 1st quarter valued at about $1,745,000. Institutional investors and hedge funds own 78.31% of the company’s stock.
Murphy Oil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, November 16th. Murphy Oil’s payout ratio is 69.31%.
About Murphy Oil
Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids, with a focus on high-quality assets in North America.
The company’s operations are primarily located in the United States, including onshore assets in the Eagle Ford Shale of South Texas and offshore properties in the Gulf of Mexico. Murphy Oil has also historically maintained exploration and production interests in Canada and other international regions, although its current portfolio is concentrated in the United States.
Founded in 1950, Murphy Oil has evolved from a diversified energy company into a focused exploration and production business.
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