Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Investment analysts at Zacks Research dropped their Q3 2026 EPS estimates for shares of Murphy Oil in a research note issued to investors on Wednesday, July 22nd. Zacks Research analyst Team now expects that the oil and gas producer will earn $0.86 per share for the quarter, down from their previous estimate of $0.87. The consensus estimate for Murphy Oil’s current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Murphy Oil’s Q1 2027 earnings at $0.58 EPS, Q3 2027 earnings at $0.81 EPS, Q4 2027 earnings at $0.66 EPS, FY2027 earnings at $2.72 EPS, Q2 2028 earnings at $0.65 EPS and FY2028 earnings at $2.74 EPS.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Jefferies Financial Group lowered Murphy Oil from a “buy” rating to an “underperform” rating in a research note on Thursday, June 4th. Roth Capital restated a “neutral” rating and set a $36.00 price target on shares of Murphy Oil in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Murphy Oil in a research note on Wednesday, June 24th. Finally, Mizuho upped their price objective on Murphy Oil from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.33.

Murphy Oil Price Performance

NYSE:MUR opened at $38.78 on Thursday. The business’s 50-day simple moving average is $36.33 and its two-hundred day simple moving average is $35.84. The stock has a market cap of $5.56 billion, a PE ratio of 65.74 and a beta of 0.52. Murphy Oil has a 52 week low of $21.86 and a 52 week high of $43.34. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.30.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MUR. CIBC Private Wealth Group LLC purchased a new position in Murphy Oil during the 4th quarter valued at $26,000. Leonteq Securities AG purchased a new position in shares of Murphy Oil during the first quarter valued at $29,000. Valued Wealth Advisors LLC increased its stake in shares of Murphy Oil by 14,700.0% during the first quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 735 shares during the period. Torren Management LLC bought a new stake in shares of Murphy Oil in the fourth quarter valued at about $37,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Murphy Oil by 72.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,701 shares of the oil and gas producer’s stock valued at $53,000 after acquiring an additional 717 shares in the last quarter. Hedge funds and other 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.