According to Zacks, analysts expect that Murphy Oil will report full-year earnings of $0.35 per share for the current year, with EPS estimates ranging from $0.05 to $0.77. For the next financial year, analysts expect that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.07 to $1.36. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Murphy Oil.
Analysts expect that Murphy Oil Co. (NYSE:MUR) will announce $0.03 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Murphy Oil’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at ($0.04). Murphy Oil posted earnings per share of ($0.36) in the same quarter last year, which would indicate a positive year over year growth rate of 108.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 26th.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.01. The company had revenue of $544.70 million during the quarter, compared to analysts’ expectations of $529.61 million. Murphy Oil had a negative net margin of 14.73% and a negative return on equity of 4.54%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.66) earnings per share. Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Murphy Oil from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Credit Suisse Group AG reiterated an “underperform” rating and set a $34.00 target price (down from $35.00) on shares of Murphy Oil in a report on Friday, May 5th. Barclays PLC raised their target price on Murphy Oil from $46.00 to $52.00 and gave the company a “buy” rating in a report on Monday, April 17th. Finally, Scotiabank reiterated a “hold” rating and set a $30.00 target price on shares of Murphy Oil in a report on Thursday, May 4th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.43.
Shares of Murphy Oil (NYSE:MUR) traded down 0.470% during mid-day trading on Thursday, reaching $26.495. 532,786 shares of the company traded hands. Murphy Oil has a 52-week low of $24.03 and a 52-week high of $35.19. The company’s 50 day moving average is $27.19 and its 200 day moving average is $29.07. The stock’s market capitalization is $4.57 billion. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.76%. Murphy Oil’s dividend payout ratio is currently -62.50%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CNA Financial Corp raised its position in Murphy Oil by 21.9% in the first quarter. CNA Financial Corp now owns 98,009 shares of the oil and gas producer’s stock worth $2,802,000 after buying an additional 17,629 shares in the last quarter. Cambria Investment Management L.P. raised its position in Murphy Oil by 1.2% in the first quarter. Cambria Investment Management L.P. now owns 39,600 shares of the oil and gas producer’s stock worth $1,132,000 after buying an additional 484 shares in the last quarter. Fiduciary Trust Co. raised its position in Murphy Oil by 0.5% in the first quarter. Fiduciary Trust Co. now owns 13,116 shares of the oil and gas producer’s stock worth $375,000 after buying an additional 69 shares in the last quarter. AQR Capital Management LLC raised its position in Murphy Oil by 194.4% in the first quarter. AQR Capital Management LLC now owns 1,343,561 shares of the oil and gas producer’s stock worth $38,412,000 after buying an additional 887,174 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Murphy Oil during the first quarter worth about $2,013,000. Institutional investors and hedge funds own 94.77% of the company’s stock. Murphy Oil Company Profile
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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