Wall Street analysts expect Murphy Oil Co. (NYSE:MUR) to announce $0.12 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Murphy Oil’s earnings, with estimates ranging from ($0.22) to $0.28. Murphy Oil reported earnings per share of $0.23 in the same quarter last year, which would suggest a negative year-over-year growth rate of 47.8%. The company is scheduled to announce its next quarterly earnings report on Wednesday, May 1st.
On average, analysts expect that Murphy Oil will report full year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.12 to $1.23. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.99 per share, with EPS estimates ranging from $0.78 to $5.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Murphy Oil.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The firm had revenue of $692.01 million during the quarter, compared to analyst estimates of $668.85 million. Murphy Oil had a net margin of 15.99% and a return on equity of 4.51%. During the same period last year, the firm posted $0.08 EPS.
MUR has been the subject of several recent research reports. ValuEngine raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Monday, February 4th. TheStreet cut shares of Murphy Oil from a “b-” rating to a “c+” rating in a research note on Friday, December 21st. Morgan Stanley set a $19.00 target price on shares of Murphy Oil and gave the stock a “sell” rating in a research note on Tuesday, January 29th. Zacks Investment Research raised shares of Murphy Oil from a “sell” rating to a “hold” rating and set a $33.00 target price on the stock in a research note on Friday, March 8th. Finally, Barclays reaffirmed a “hold” rating and set a $32.00 target price on shares of Murphy Oil in a research note on Friday, January 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Murphy Oil currently has an average rating of “Hold” and a consensus price target of $34.54.
Shares of NYSE:MUR traded up $0.83 during trading on Friday, hitting $29.42. 1,825,878 shares of the stock traded hands, compared to its average volume of 1,897,622. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.94. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 23.35 and a beta of 2.21. Murphy Oil has a 52-week low of $21.51 and a 52-week high of $36.53.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.40%. Murphy Oil’s dividend payout ratio is presently 79.37%.
In other news, VP John B. Gardner sold 8,364 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $28.94, for a total transaction of $242,054.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.46% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Mercantile Trust Co. raised its position in Murphy Oil by 109.2% in the fourth quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 710 shares in the last quarter. Enlightenment Research LLC acquired a new stake in Murphy Oil in the 4th quarter worth about $61,000. Oregon Public Employees Retirement Fund boosted its stake in Murphy Oil by 2,265.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock worth $65,000 after buying an additional 1,449,640 shares during the last quarter. Murphy Pohlad Asset Management LLC purchased a new position in shares of Murphy Oil in the 4th quarter worth about $117,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Murphy Oil in the 4th quarter worth about $119,000. 87.50% of the stock is owned by hedge funds and other institutional investors.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. 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.
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