FY2024 EPS Estimates for Murphy Oil Lifted by Analyst

Murphy Oil Co. (NYSE:MURFree Report) – Research analysts at Capital One Financial lifted their FY2024 earnings per share estimates for Murphy Oil in a report released on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $3.21 per share for the year, up from their previous forecast of $3.19. The consensus estimate for Murphy Oil’s current full-year earnings is $3.15 per share. Capital One Financial also issued estimates for Murphy Oil’s Q4 2024 earnings at $0.82 EPS, Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $1.21 EPS, FY2025 earnings at $4.60 EPS and FY2026 earnings at $5.34 EPS.

Murphy Oil (NYSE:MURGet Free Report) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The firm had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The company’s revenue was down 21.0% on a year-over-year basis.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company lowered their price objective on Murphy Oil from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, December 9th. The Goldman Sachs Group lowered their price objective on Murphy Oil from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. Truist Financial lowered their price objective on Murphy Oil from $55.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Barclays lowered their price objective on Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, Piper Sandler lowered their price objective on Murphy Oil from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Murphy Oil currently has a consensus rating of “Hold” and an average price target of $39.58.

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Murphy Oil Trading Up 1.7 %

MUR stock opened at $33.34 on Friday. Murphy Oil has a 1-year low of $27.75 and a 1-year high of $49.14. The firm has a market cap of $4.86 billion, a P/E ratio of 10.75 and a beta of 2.17. The business’s 50 day moving average is $31.30 and its 200-day moving average is $34.90. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MUR. Quadrature Capital Ltd acquired a new position in shares of Murphy Oil in the 3rd quarter valued at $1,217,000. Mutual of America Capital Management LLC lifted its stake in shares of Murphy Oil by 21.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 218,739 shares of the oil and gas producer’s stock valued at $9,021,000 after purchasing an additional 38,334 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Murphy Oil by 24.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 166,316 shares of the oil and gas producer’s stock valued at $6,859,000 after purchasing an additional 32,411 shares during the period. Prospector Partners LLC lifted its stake in shares of Murphy Oil by 50.5% in the 3rd quarter. Prospector Partners LLC now owns 307,092 shares of the oil and gas producer’s stock valued at $10,361,000 after purchasing an additional 103,092 shares during the period. Finally, AXA S.A. lifted its stake in shares of Murphy Oil by 86.5% in the 2nd quarter. AXA S.A. now owns 132,710 shares of the oil and gas producer’s stock valued at $5,473,000 after purchasing an additional 61,537 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

About Murphy Oil

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Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, 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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Earnings History and Estimates for Murphy Oil (NYSE:MUR)

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