Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Investment analysts at Zacks Research raised their Q3 2026 earnings estimates for Murphy Oil in a research report issued to clients and investors on Wednesday, June 3rd. Zacks Research analyst Team now expects that the oil and gas producer will earn $0.98 per share for the quarter, up from their prior estimate of $0.90. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $3.44 per share. Zacks Research also issued estimates for Murphy Oil’s Q4 2026 earnings at $0.76 EPS, Q2 2027 earnings at $0.74 EPS, Q4 2027 earnings at $0.71 EPS and FY2028 earnings at $2.86 EPS.

Several other research firms have also commented on MUR. Roth Mkm restated a “neutral” rating and set a $36.00 price target on shares of Murphy Oil in a research report on Thursday, May 7th. Morgan Stanley restated an “underweight” rating on shares of Murphy Oil in a research report on Friday, March 27th. Johnson Rice upgraded shares of Murphy Oil from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 25th. Barclays upped their price target on shares of Murphy Oil from $36.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group lowered shares of Murphy Oil from a “buy” rating to an “underperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.75.

Murphy Oil Stock Up 3.7%

Shares of NYSE:MUR opened at $39.35 on Thursday. The company’s fifty day moving average is $39.13 and its two-hundred day moving average is $34.87. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 66.69 and a beta of 0.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83. Murphy Oil has a 1-year low of $21.39 and a 1-year high of $43.34.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $732.35 million for the quarter, compared to analysts’ expectations of $702.96 million. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, May 18th. Murphy Oil’s dividend payout ratio is currently 237.29%.

Insider Transactions at Murphy Oil

In related news, SVP Daniel R. Hanchera sold 47,320 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $33.79, for a total value of $1,598,942.80. Following the completion of the transaction, the senior vice president owned 36,166 shares in the company, valued at $1,222,049.14. This represents a 56.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 5.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Murphy Oil

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH grew its position in Murphy Oil by 255.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 508,012 shares of the oil and gas producer’s stock valued at $14,433,000 after buying an additional 365,011 shares in the last quarter. American Century Companies Inc. boosted its stake in Murphy Oil by 21.8% during the third quarter. American Century Companies Inc. now owns 3,736,815 shares of the oil and gas producer’s stock valued at $106,163,000 after buying an additional 668,525 shares in the last quarter. Neo Ivy Capital Management bought a new position in Murphy Oil during the third quarter valued at about $451,000. CSM Advisors LLC boosted its stake in Murphy Oil by 26.5% during the third quarter. CSM Advisors LLC now owns 233,510 shares of the oil and gas producer’s stock valued at $6,634,000 after buying an additional 48,856 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Murphy Oil by 32.0% during the 4th quarter. SG Americas Securities LLC now owns 122,420 shares of the oil and gas producer’s stock valued at $3,826,000 after purchasing an additional 29,689 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Company Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.