Murphy Oil FY2026 Earnings Forecast Cut by Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Equities research analysts at Zacks Research lowered their FY2026 EPS estimates for shares of Murphy Oil in a report issued on Monday, September 28th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings per share of $2.92 for the year, down from their prior forecast of $2.99. 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 Q4 2026 earnings at $0.66 EPS, Q2 2027 earnings at $0.51 EPS, Q3 2027 earnings at $0.69 EPS, Q4 2027 earnings at $0.74 EPS and FY2027 earnings at $2.44 EPS.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company reiterated a “positive” rating on shares of Murphy Oil in a research report on Tuesday. Mizuho upgraded Murphy Oil to a “hold” rating in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and set a $34.00 target price on shares of Murphy Oil in a research report on Monday, September 7th. Barclays cut Murphy Oil from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $38.00 to $34.00 in a report on Friday, August 14th. Finally, UBS Group decreased their target price on shares of Murphy Oil from $41.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Murphy Oil currently has an average rating of “Hold” and a consensus price target of $37.83.

Murphy Oil Stock Performance

NYSE MUR opened at $35.97 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Murphy Oil has a fifty-two week low of $26.49 and a fifty-two week high of $43.34. The business has a fifty day moving average of $36.88 and a 200-day moving average of $37.34. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 17.81 and a beta of 0.50.

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

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.35 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 3.9%. Murphy Oil’s dividend payout ratio (DPR) is presently 69.31%.

Institutional Investors Weigh In On Murphy Oil

Large investors have recently made changes to their positions in the business. QRG Capital Management Inc. increased its holdings in Murphy Oil by 10.3% in the 2nd quarter. QRG Capital Management Inc. now owns 11,819 shares of the oil and gas producer’s stock valued at $385,000 after purchasing an additional 1,100 shares in the last quarter. SailingStone Capital Partners LLC purchased a new stake in shares of Murphy Oil in the second quarter worth about $15,852,000. Engineers Gate Manager LP grew its stake in shares of Murphy Oil by 1,446.9% in the second quarter. Engineers Gate Manager LP now owns 93,896 shares of the oil and gas producer’s stock valued at $3,057,000 after buying an additional 87,826 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Murphy Oil during the 2nd quarter valued at about $113,000. Finally, Arizona State Retirement System lifted its position in Murphy Oil by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 37,576 shares of the oil and gas producer’s stock worth $1,223,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil News Roundup

Here are the key news stories impacting Murphy Oil this week:

• Negative Sentiment: Zacks cut its Q4 2026 EPS forecast to $0.66 from $0.73 and lowered its FY2026 estimate to $2.92 from $2.99. The firm also reduced forecasts for Q2 and Q3 2027, Q4 2027, and FY2027, with full-year 2027 EPS now projected at $2.44 versus $2.53 previously. These broad-based reductions signal weaker expected earnings momentum. Q1 Earnings Forecast for Murphy Oil Issued By Zacks Research
• Negative Sentiment: Longer-range estimates were also lowered: Zacks reduced Q1 2027 EPS to $0.50 from $0.51, Q1 2028 EPS to $0.74 from $0.76, Q2 2028 EPS to $0.53 from $0.55, and FY2028 EPS to $2.50 from $2.60. The repeated downward revisions could pressure valuation expectations for Murphy Oil (MUR).
• Neutral Sentiment: Despite the cuts, Zacks’ FY2026 estimate of $2.92 remains above the broader consensus estimate of $2.66. Murphy Oil’s latest reported quarter also showed strong year-over-year revenue growth, although EPS narrowly missed analysts’ expectations.

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.