$0.25 EPS Expected for Murphy Oil Co. (NYSE:MUR) This Quarter

Wall Street analysts forecast that Murphy Oil Co. (NYSE:MUR) will report $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Murphy Oil’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.05. Murphy Oil reported earnings per share of $0.35 in the same quarter last year, which would suggest a negative year over year growth rate of 28.6%. The firm is expected to report its next quarterly earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Murphy Oil will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.59 to $1.18. For the next financial year, analysts expect that the business will post earnings of $1.96 per share, with EPS estimates ranging from $0.68 to $5.16. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Murphy Oil.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business 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 business’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS.

A number of research firms have recently commented on MUR. Evercore ISI began coverage on Murphy Oil in a report on Thursday, May 30th. They set an “in-line” rating and a $30.00 price objective for the company. Stephens set a $40.00 price objective on Murphy Oil and gave the stock a “hold” rating in a report on Friday, May 17th. Capital One Financial began coverage on Murphy Oil in a report on Wednesday, July 10th. They set an “overweight” rating and a $37.00 price objective for the company. TheStreet downgraded Murphy Oil from a “b” rating to a “c” rating in a report on Tuesday, May 14th. Finally, Goldman Sachs Group upgraded Murphy Oil from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.31.

A number of hedge funds and other institutional investors have recently made changes to their positions in MUR. Quadrant Capital Group LLC increased its holdings in Murphy Oil by 632.3% in the 1st quarter. Quadrant Capital Group LLC now owns 2,065 shares of the oil and gas producer’s stock valued at $58,000 after purchasing an additional 1,783 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Murphy Oil in the 2nd quarter valued at $72,000. Penserra Capital Management LLC increased its holdings in Murphy Oil by 247.7% in the 1st quarter. Penserra Capital Management LLC now owns 4,729 shares of the oil and gas producer’s stock valued at $138,000 after purchasing an additional 3,369 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Murphy Oil by 10.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,768 shares of the oil and gas producer’s stock valued at $142,000 after purchasing an additional 560 shares in the last quarter. Finally, Investors Research Corp acquired a new stake in Murphy Oil in the 1st quarter valued at $149,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Shares of MUR stock traded up $0.28 on Tuesday, reaching $19.71. 5,615,409 shares of the stock were exchanged, compared to its average volume of 2,349,086. The stock has a market cap of $3.30 billion, a PE ratio of 15.64 and a beta of 1.94. The company has a current ratio of 1.25, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $22.94. Murphy Oil has a 1-year low of $19.08 and a 1-year high of $36.53.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.00 annualized dividend and a yield of 5.07%. Murphy Oil’s dividend payout ratio 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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Earnings History and Estimates for Murphy Oil (NYSE:MUR)

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