Q1 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for shares of Murphy Oil in a research note issued on Monday, September 28th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings per share of $0.50 for the quarter, down from their previous forecast of $0.51. The consensus estimate for Murphy Oil’s current full-year earnings is $2.66 per share. Zacks Research also issued estimates for Murphy Oil’s Q1 2028 earnings at $0.74 EPS, Q2 2028 earnings at $0.53 EPS and FY2028 earnings at $2.50 EPS.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The company had revenue of $926.33 million during the quarter, compared to the consensus estimate of $888.51 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year.

A number of other analysts have also recently commented on the stock. Mizuho upgraded shares of Murphy Oil to a “hold” rating in a research note on Friday, July 31st. Jefferies Financial Group cut shares of Murphy Oil from a “buy” rating to an “underperform” rating in a report on Thursday, June 4th. Wells Fargo & Company reiterated a “positive” rating on shares of Murphy Oil in a research note on Tuesday. Barclays downgraded Murphy Oil from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $38.00 to $34.00 in a research report on Friday, August 14th. Finally, Wall Street Zen cut Murphy Oil from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Murphy Oil has an average rating of “Hold” and an average price target of $37.83.

Murphy Oil Price Performance

NYSE:MUR opened at $35.97 on Tuesday. Murphy Oil has a 1-year low of $26.49 and a 1-year high of $43.34. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $36.88 and a 200 day simple moving average of $37.34. The stock has a market capitalization of $5.16 billion, a PE ratio of 17.81 and a beta of 0.50.

Hedge Funds Weigh In On Murphy Oil

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Murphy Oil in the 2nd quarter valued at $626,514,000. Dimensional Fund Advisors LP lifted its holdings in shares of Murphy Oil by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 8,171,385 shares of the oil and gas producer’s stock worth $337,081,000 after buying an additional 238,326 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Murphy Oil by 105.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,310,884 shares of the oil and gas producer’s stock worth $136,574,000 after buying an additional 1,700,498 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Murphy Oil by 3.4% in the first quarter. Bank of America Corp DE now owns 1,836,056 shares of the oil and gas producer’s stock valued at $75,737,000 after acquiring an additional 60,190 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Murphy Oil by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 1,571,120 shares of the oil and gas producer’s stock valued at $64,809,000 after acquiring an additional 6,064 shares during the period. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, August 17th. Murphy Oil’s payout ratio is currently 69.31%.

About Murphy Oil

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include acquiring acreage, drilling and developing wells, and producing crude oil, natural gas and natural gas liquids for sale to customers and markets.

The company’s portfolio is primarily focused on onshore assets in the United States, including operations in the Eagle Ford and other U.S. resource plays, as well as offshore production in the Gulf of Mexico. Murphy Oil has also maintained an international exploration and production presence, including projects in Canada and Malaysia, though its asset portfolio has changed over time through acquisitions and divestitures.

Murphy Oil traces its roots to the Murphy family’s business interests and has operated as a publicly traded energy company for decades.