Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Equities research analysts at Zacks Research raised their Q3 2026 earnings estimates for shares of Murphy Oil in a note issued to investors on Tuesday, October 27th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.39. The consensus estimate for Murphy Oil’s current full-year earnings is $3.65 per share. Zacks Research also issued estimates for Murphy Oil’s Q4 2027 earnings at $0.72 EPS.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). The company had revenue of $926.33 million for the quarter, compared to analyst estimates of $888.51 million. During the same period last year, the business posted $0.27 earnings per share. Murphy Oil’s revenue was up 33.5% compared to the same quarter last year.

Several other brokerages have also recently commented on MUR. UBS Group upped their target price on shares of Murphy Oil from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, October 14th. Scotiabank began coverage on Murphy Oil in a research report on Wednesday, October 14th. They issued a “sector perform” rating and a $41.00 price target on the stock. Jefferies Financial Group set a $35.00 price objective on Murphy Oil and gave the stock a “hold” rating in a research note on Saturday, October 17th. Seaport Research Partners began coverage on Murphy Oil in a report on Thursday, September 3rd. They issued a “neutral” rating for the company. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Murphy Oil in a report on Wednesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Murphy Oil currently has an average rating of “Hold” and a consensus target price of $39.75.

Murphy Oil Stock Performance

Shares of MUR stock opened at $43.13 on Wednesday. Murphy Oil has a 52-week low of $26.49 and a 52-week high of $45.03. The stock has a market cap of $6.18 billion, a PE ratio of 21.35 and a beta of 0.59. The firm’s 50 day moving average price is $38.29 and its two-hundred day moving average price is $36.63.

Murphy Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, November 16th. Murphy Oil’s dividend payout ratio (DPR) is currently 69.31%.

Institutional Trading of Murphy Oil

A number of large investors have recently made changes to their positions in the company. Jupiter Topco LLC acquired a new stake in Murphy Oil in the 2nd quarter valued at approximately $2,065,000. SailingStone Capital Partners LLC bought a new position in shares of Murphy Oil during the 2nd quarter worth approximately $15,852,000. Bank of America Corp DE acquired a new stake in shares of Murphy Oil in the second quarter valued at approximately $45,719,000. Legal & General Group Plc acquired a new stake in shares of Murphy Oil in the second quarter valued at approximately $5,789,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Murphy Oil in the first quarter worth $1,745,000. Institutional investors own 78.31% of the company’s stock.

About Murphy Oil

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids, with a focus on high-quality assets in North America.

The company’s operations are primarily located in the United States, including onshore assets in the Eagle Ford Shale of South Texas and offshore properties in the Gulf of Mexico. Murphy Oil has also historically maintained exploration and production interests in Canada and other international regions, although its current portfolio is concentrated in the United States.

Founded in 1950, Murphy Oil has evolved from a diversified energy company into a focused exploration and production business.