Equities analysts expect Murphy Oil Co. (NYSE:MUR) to report earnings of $0.46 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Murphy Oil’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.25. Murphy Oil reported earnings per share of ($0.03) during the same quarter last year, which indicates a positive year-over-year growth rate of 1,633.3%. The company is expected to announce its next quarterly earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Murphy Oil will report full year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.91. For the next fiscal year, analysts anticipate that the company will report earnings of $2.14 per share, with EPS estimates ranging from $1.72 to $2.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Murphy Oil.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Murphy Oil had a negative net margin of 6.19% and a positive return on equity of 2.32%. The company had revenue of $655.15 million for the quarter, compared to analysts’ expectations of $623.76 million. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis.
A number of research firms have weighed in on MUR. Zacks Investment Research cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. KLR Group reissued a “buy” rating and set a $39.00 price objective on shares of Murphy Oil in a report on Monday, August 20th. Morgan Stanley cut their price objective on shares of Murphy Oil from $26.00 to $24.00 and set a “sell” rating on the stock in a report on Thursday, August 16th. Wells Fargo & Co cut their price objective on shares of Murphy Oil from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, August 10th. Finally, Mizuho began coverage on shares of Murphy Oil in a report on Monday, July 23rd. They set an “underperform” rating and a $36.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Murphy Oil presently has a consensus rating of “Hold” and a consensus target price of $33.30.
MUR stock opened at $32.73 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.46. Murphy Oil has a twelve month low of $24.39 and a twelve month high of $35.98. The company has a market cap of $5.63 billion, a price-to-earnings ratio of -251.77 and a beta of 2.26.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.06%. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.
Several institutional investors and hedge funds have recently made changes to their positions in MUR. Swiss National Bank grew its position in shares of Murphy Oil by 2.2% during the first quarter. Swiss National Bank now owns 285,400 shares of the oil and gas producer’s stock worth $7,375,000 after acquiring an additional 6,200 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Murphy Oil by 0.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 850,351 shares of the oil and gas producer’s stock worth $21,974,000 after acquiring an additional 3,802 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Murphy Oil by 5.0% during the first quarter. Thrivent Financial for Lutherans now owns 36,712 shares of the oil and gas producer’s stock worth $949,000 after acquiring an additional 1,755 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Murphy Oil during the first quarter worth approximately $311,000. Finally, Systematic Financial Management LP purchased a new position in shares of Murphy Oil during the first quarter worth approximately $1,422,000. Institutional investors and hedge funds own 89.61% of the company’s stock.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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