Analysts Expect Murphy Oil (MUR) Will Post Earnings of $0.23 Per Share

Wall Street brokerages expect Murphy Oil (NYSE:MUR) to announce earnings of $0.23 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Murphy Oil’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.32. Murphy Oil reported earnings per share of ($0.06) during the same quarter last year, which would indicate a positive year-over-year growth rate of 483.3%. The company is expected to issue its next earnings results after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Murphy Oil will report full-year earnings of $1.01 per share for the current year, with EPS estimates ranging from $0.34 to $1.55. For the next financial year, analysts forecast that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.46 to $1.52. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Murphy Oil.

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Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The firm had revenue of $541.58 million for the quarter, compared to analyst estimates of $552.54 million. During the same period last year, the company earned ($0.16) earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Barclays increased their target price on Murphy Oil from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. ValuEngine lowered Murphy Oil from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Morgan Stanley increased their target price on Murphy Oil from $26.00 to $33.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Finally, UBS assumed coverage on Murphy Oil in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $28.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.58.

In related news, insider Eugene T. Coleman sold 33,435 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.88, for a total transaction of $965,602.80. Following the completion of the transaction, the insider now owns 57,246 shares of the company’s stock, valued at $1,653,264.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.89% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. NuWave Investment Management LLC acquired a new position in shares of Murphy Oil in the 4th quarter valued at $125,000. Acadian Asset Management LLC acquired a new position in shares of Murphy Oil in the 4th quarter valued at $197,000. Advisor Partners LLC acquired a new position in shares of Murphy Oil in the 4th quarter valued at $227,000. Advisor Group Inc. boosted its position in shares of Murphy Oil by 50.5% in the 4th quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 2,351 shares during the period. Finally, Gofen & Glossberg LLC IL acquired a new position in shares of Murphy Oil in the 4th quarter valued at $220,000. 96.96% of the stock is owned by institutional investors and hedge funds.

NYSE MUR traded down $0.21 during trading hours on Friday, hitting $30.38. The company had a trading volume of 2,468,532 shares, compared to its average volume of 2,176,298. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $35.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.64 and a quick ratio of 1.52. The firm has a market capitalization of $5,279.00, a PE ratio of -233.69 and a beta of 2.32.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, May 11th. This represents a $1.00 annualized dividend and a yield of 3.29%. Murphy Oil’s dividend payout ratio is currently -769.23%.

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Murphy Oil Company Profile

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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