Zacks Research Estimates Murphy Oil’s Q2 Earnings (NYSE:MUR)

Murphy Oil Corporation (NYSE:MUR) – Research analysts at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for Murphy Oil in a note issued to investors on Thursday, June 18th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $0.80 per share for the quarter, up from their previous forecast of $0.77. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $3.48 per share. Zacks Research also issued estimates for Murphy Oil’s Q3 2026 earnings at $1.03 EPS, Q4 2026 earnings at $0.77 EPS, FY2026 earnings at $2.92 EPS, Q1 2027 earnings at $0.68 EPS, Q3 2027 earnings at $0.88 EPS, Q4 2027 earnings at $0.72 EPS, FY2027 earnings at $3.03 EPS, Q1 2028 earnings at $0.83 EPS and FY2028 earnings at $2.92 EPS.

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

A number of other brokerages also recently issued reports on MUR. Wall Street Zen raised shares of Murphy Oil from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. The Goldman Sachs Group boosted their price objective on shares of Murphy Oil from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Roth Mkm restated a “neutral” rating and issued a $36.00 target price on shares of Murphy Oil in a report on Thursday, May 7th. Scotiabank restated a “sector perform” rating and issued a $44.00 target price on shares of Murphy Oil in a report on Wednesday, May 13th. Finally, Johnson Rice raised shares of Murphy Oil from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.75.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $34.24 on Friday. Murphy Oil has a fifty-two week low of $21.86 and a fifty-two week high of $43.34. The business has a 50-day simple moving average of $38.42 and a two-hundred day simple moving average of $35.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 58.03 and a beta of 0.50.

Institutional Investors Weigh In On Murphy Oil

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Murphy Oil by 1.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,061 shares of the oil and gas producer’s stock worth $2,387,000 after buying an additional 1,419 shares during the last quarter. United Services Automobile Association bought a new stake in Murphy Oil during the first quarter valued at approximately $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Murphy Oil by 22.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,094 shares of the oil and gas producer’s stock valued at $7,074,000 after buying an additional 45,841 shares during the last quarter. Cetera Investment Advisers increased its holdings in Murphy Oil by 9.8% during the second quarter. Cetera Investment Advisers now owns 31,471 shares of the oil and gas producer’s stock valued at $708,000 after buying an additional 2,819 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Murphy Oil by 437.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the oil and gas producer’s stock worth $86,000 after acquiring an additional 3,095 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, May 18th. Murphy Oil’s dividend payout ratio (DPR) is presently 237.29%.

More Murphy Oil News

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

• Positive Sentiment: Zacks Research raised its earnings expectations for Murphy Oil across several periods, including FY2026, FY2027, and FY2028, which suggests improved profitability outlook. Murphy Oil Corporation Analyst Estimate Update
• Neutral Sentiment: Despite the estimate increases, Zacks Research kept a Hold rating on Murphy Oil, implying the stock still lacks a strong near-term catalyst from the analyst’s perspective. Murphy Oil Corporation Analyst Estimate Update
• Negative Sentiment: Murphy Oil was included in a report noting that shares of Murphy Oil, APA Corporation, and Calumet were trading lower, pointing to broader weakness in the group rather than a company-specific positive surprise. APA Corporation, Murphy Oil, and Calumet stocks trade down, what you need to know

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.