Q1 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Analysts at Zacks Research lowered their Q1 2027 earnings estimates for Murphy Oil in a research report issued to clients and investors on Monday, September 28th. Zacks Research analyst Team now expects that the oil and gas producer will earn $0.50 per share for the quarter, down from their previous forecast of $0.51. The consensus estimate for Murphy Oil’s current full-year earnings is $2.64 per share. Zacks Research also issued estimates for Murphy Oil’s Q1 2028 earnings at $0.74 EPS, Q2 2028 earnings at $0.53 EPS and FY2028 earnings at $2.50 EPS.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company restated a “positive” rating on shares of Murphy Oil in a report on Tuesday. Jefferies Financial Group downgraded Murphy Oil from a “buy” rating to an “underperform” rating in a report on Thursday, June 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $34.00 price target on shares of Murphy Oil in a research report on Monday, September 7th. Mizuho upgraded shares of Murphy Oil to a “hold” rating in a research note on Friday, July 31st. Finally, KeyCorp raised their target price on shares of Murphy Oil from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.83.

Murphy Oil Stock Performance

Shares of NYSE MUR opened at $37.01 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 18.32 and a beta of 0.50. The business’s 50-day simple moving average is $36.84 and its 200-day simple moving average is $37.36. Murphy Oil has a 52 week low of $26.49 and a 52 week high of $43.34.

Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.02). Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The company had revenue of $926.33 million for the quarter, compared to the consensus estimate of $888.51 million. During the same quarter last year, the business earned $0.27 earnings per share. Murphy Oil’s quarterly revenue was up 33.5% on a year-over-year basis.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 17th. Murphy Oil’s payout ratio is currently 69.31%.

Institutional Investors Weigh In On Murphy Oil

Several hedge funds have recently modified their holdings of MUR. NewEdge Wealth LLC grew its holdings in shares of Murphy Oil by 2.6% in the 1st quarter. NewEdge Wealth LLC now owns 10,954 shares of the oil and gas producer’s stock valued at $452,000 after buying an additional 281 shares during the period. Baron Wealth Management LLC grew its stake in Murphy Oil by 2.6% in the first quarter. Baron Wealth Management LLC now owns 12,118 shares of the oil and gas producer’s stock valued at $500,000 after acquiring an additional 304 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of Murphy Oil by 4.4% in the second quarter. Rehmann Capital Advisory Group now owns 7,774 shares of the oil and gas producer’s stock worth $253,000 after acquiring an additional 328 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Murphy Oil by 0.9% in the second quarter. Arizona State Retirement System now owns 37,576 shares of the oil and gas producer’s stock worth $1,223,000 after acquiring an additional 330 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Murphy Oil by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 11,091 shares of the oil and gas producer’s stock worth $347,000 after purchasing an additional 400 shares during the period. 78.31% of the stock is owned by institutional investors.

Key Murphy Oil News

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

• Neutral Sentiment: Zacks maintained the current full-year analyst consensus at $2.66 EPS. The forecast changes were issued by one research firm and do not represent a company earnings announcement or a change in management guidance.
• Negative Sentiment: Zacks cut its Q4 2026 EPS estimate to $0.66 from $0.73 and lowered its FY2026 forecast to $2.92 from $2.99, indicating weaker near-term earnings expectations.
• Negative Sentiment: The firm also reduced its 2027 projections, including Q2 EPS to $0.51 from $0.53, Q3 EPS to $0.69 from $0.71, Q4 EPS to $0.74 from $0.77, and full-year EPS to $2.44 from $2.53. Q1 Earnings Forecast for Murphy Oil Issued By Zacks Research
• Negative Sentiment: Longer-term estimates were lowered as well: Q1 2027 EPS fell to $0.50 from $0.51, while Q1 2028, Q2 2028, and FY2028 forecasts declined to $0.74, $0.53, and $2.50, respectively. The broad pattern of reductions may pressure investor views of Murphy Oil’s earnings growth and valuation.

Murphy Oil Company Profile

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.

The company’s current operations are concentrated in the United States and Canada. In the United States, Murphy Oil has assets in the Eagle Ford and Gulf Coast onshore regions, as well as interests in the Gulf of Mexico. In Canada, the company operates in Western Canadian plays, including the Tupper Montney area.

Murphy Oil was incorporated in 1950 and has historically pursued exploration and production opportunities in several international markets in addition to North America.