Brokerages expect Murphy Oil Co. (NYSE:MUR) to report sales of $592.72 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Murphy Oil’s earnings. The highest sales estimate is $655.10 million and the lowest is $490.00 million. Murphy Oil posted sales of $474.50 million during the same quarter last year, which suggests a positive year over year growth rate of 24.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Murphy Oil will report full-year sales of $2.40 billion for the current fiscal year, with estimates ranging from $2.00 billion to $2.74 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.50 billion per share, with estimates ranging from $2.02 billion to $2.98 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Murphy Oil.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $585.61 million during the quarter, compared to analyst estimates of $575.76 million. Murphy Oil had a negative net margin of 9.62% and a positive return on equity of 0.58%. The firm’s revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) EPS.
Several brokerages recently commented on MUR. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a report on Thursday, June 14th. ValuEngine raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. UBS Group began coverage on shares of Murphy Oil in a report on Wednesday, March 7th. They issued a “neutral” rating and a $28.00 price target for the company. Finally, Societe Generale raised shares of 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, eight have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.56.
Institutional investors and hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new stake in Murphy Oil during the 1st quarter worth $124,000. Advisor Group Inc. boosted its stake in Murphy Oil by 50.5% during the 4th quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock worth $218,000 after purchasing an additional 2,351 shares during the last quarter. Jump Trading LLC acquired a new stake in Murphy Oil during the 1st quarter worth $200,000. Symphony Asset Management LLC acquired a new stake in Murphy Oil during the 1st quarter worth $215,000. Finally, Sei Investments Co. boosted its stake in Murphy Oil by 98.2% during the 1st quarter. Sei Investments Co. now owns 8,877 shares of the oil and gas producer’s stock worth $229,000 after purchasing an additional 4,398 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors.
Shares of Murphy Oil opened at $33.77 on Friday, according to Marketbeat Ratings. The firm has a market capitalization of $5.83 billion, a P/E ratio of -259.77 and a beta of 2.30. The company has a quick ratio of 1.40, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. Murphy Oil has a one year low of $22.21 and a one year high of $35.98.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Monday, May 14th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, May 11th. This represents a $1.00 annualized dividend and a yield of 2.96%. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.
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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