Analysts predict that Murphy Oil Co. (NYSE:MUR) will post $765.45 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Murphy Oil’s earnings, with estimates ranging from $725.00 million to $841.50 million. Murphy Oil posted sales of $692.01 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The business is scheduled to issue its next earnings results on Thursday, January 30th.
On average, analysts expect that Murphy Oil will report full year sales of $2.81 billion for the current financial year, with estimates ranging from $2.65 billion to $3.17 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.85 billion, with estimates ranging from $2.67 billion to $3.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Murphy Oil.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. Murphy Oil had a net margin of 47.16% and a return on equity of 3.21%. The firm had revenue of $817.08 million during the quarter, compared to analyst estimates of $701.64 million. During the same period in the previous year, the business posted ($0.02) earnings per share. The business’s revenue for the quarter was up 66.6% on a year-over-year basis.
MUR has been the subject of several recent research reports. MKM Partners set a $38.00 target price on shares of Murphy Oil and gave the company a “buy” rating in a research report on Monday, August 12th. UBS Group cut their target price on shares of Murphy Oil from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. KeyCorp initiated coverage on shares of Murphy Oil in a research report on Monday, September 9th. They set an “overweight” rating and a $24.00 target price for the company. Credit Suisse Group cut their target price on shares of Murphy Oil from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Wells Fargo & Co cut their target price on shares of Murphy Oil from $28.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Murphy Oil presently has an average rating of “Hold” and a consensus price target of $30.47.
In other Murphy Oil news, Director Walentin Mirosh sold 1,360 shares of Murphy Oil stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $18.52, for a total transaction of $25,187.20. Following the transaction, the director now owns 25,365 shares of the company’s stock, valued at $469,759.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.46% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the business. CNA Financial Corp lifted its holdings in Murphy Oil by 36.8% during the third quarter. CNA Financial Corp now owns 42,975 shares of the oil and gas producer’s stock valued at $950,000 after purchasing an additional 11,561 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in Murphy Oil by 12.1% during the third quarter. Eqis Capital Management Inc. now owns 29,710 shares of the oil and gas producer’s stock valued at $657,000 after purchasing an additional 3,217 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Murphy Oil by 333.1% during the third quarter. Tower Research Capital LLC TRC now owns 12,594 shares of the oil and gas producer’s stock valued at $278,000 after purchasing an additional 9,686 shares in the last quarter. First Trust Advisors LP lifted its holdings in Murphy Oil by 12.2% during the third quarter. First Trust Advisors LP now owns 528,706 shares of the oil and gas producer’s stock valued at $11,690,000 after purchasing an additional 57,404 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in Murphy Oil by 14.6% during the third quarter. Wedge Capital Management L L P NC now owns 4,923,941 shares of the oil and gas producer’s stock valued at $108,868,000 after purchasing an additional 628,776 shares in the last quarter. 90.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE MUR opened at $23.68 on Thursday. The firm has a 50 day moving average of $20.99 and a 200 day moving average of $22.82. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 18.79 and a beta of 2.04. Murphy Oil has a 12-month low of $17.04 and a 12-month high of $33.21.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Friday, November 15th. 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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