Wall Street brokerages expect that Murphy Oil Co. (NYSE:MUR) will announce earnings per share (EPS) of $0.34 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Murphy Oil’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.45. Murphy Oil reported earnings of ($0.11) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 409.1%. The firm is scheduled to announce its next earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Murphy Oil will report full-year earnings of $1.45 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.85. For the next year, analysts expect that the company will report earnings of $1.58 per share, with EPS estimates ranging from $0.72 to $2.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Murphy Oil.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $585.61 million for the quarter, compared to analysts’ expectations of $575.76 million. Murphy Oil had a positive return on equity of 0.58% and a negative net margin of 9.62%. The company’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) EPS.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research report on Thursday. ValuEngine raised Murphy Oil from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. UBS Group assumed coverage on Murphy Oil in a report on Wednesday, March 7th. They set a “neutral” rating and a $28.00 target price on the stock. Finally, Societe Generale raised Murphy Oil from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.56.
Murphy Oil opened at $33.51 on Tuesday, MarketBeat reports. The company has a current ratio of 1.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.62. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of -257.77 and a beta of 2.30. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $35.16.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, May 11th. Murphy Oil’s dividend payout ratio (DPR) is currently -769.23%.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Murphy Oil by 2.3% in the first quarter. BlackRock Inc. now owns 15,822,819 shares of the oil and gas producer’s stock valued at $408,861,000 after buying an additional 362,511 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Murphy Oil by 9.2% in the first quarter. Pzena Investment Management LLC now owns 10,601,453 shares of the oil and gas producer’s stock valued at $273,942,000 after buying an additional 897,601 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Murphy Oil by 5.0% in the first quarter. Wedge Capital Management L L P NC now owns 6,096,028 shares of the oil and gas producer’s stock valued at $157,521,000 after buying an additional 287,732 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Murphy Oil by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,630,021 shares of the oil and gas producer’s stock valued at $145,480,000 after buying an additional 313,027 shares in the last quarter. Finally, BancorpSouth Bank acquired a new stake in Murphy Oil in the fourth quarter valued at about $130,904,000. 95.50% of the stock is currently owned by institutional investors and hedge funds.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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