Murphy Oil (MUR) to Release Earnings on Thursday

Murphy Oil (NYSE:MUR) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Murphy Oil to post earnings of $0.87 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.08. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The business had revenue of $802.80 million during the quarter, compared to the consensus estimate of $813.97 million. During the same period in the prior year, the company earned $0.79 EPS. Murphy Oil’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect Murphy Oil to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Murphy Oil Price Performance

Shares of MUR stock opened at $31.30 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. Murphy Oil has a twelve month low of $30.99 and a twelve month high of $49.14. The company has a market cap of $4.56 billion, a P/E ratio of 8.32 and a beta of 2.21. The business has a fifty day simple moving average of $34.41 and a 200 day simple moving average of $38.73.

Murphy Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, November 18th. This represents a $1.20 annualized dividend and a dividend yield of 3.83%. Murphy Oil’s dividend payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MUR shares. Wells Fargo & Company decreased their price target on Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, September 27th. Scotiabank decreased their price target on Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Barclays decreased their price target on Murphy Oil from $46.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Truist Financial decreased their price target on Murphy Oil from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, KeyCorp decreased their target price on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.17.

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.