Murphy Oil (MUR) to Release Quarterly Earnings on Thursday

Murphy Oil (NYSE:MURGet Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Murphy Oil to post earnings of $0.71 per share and revenue of $751,183.57 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Murphy Oil (NYSE:MURGet Free Report) last posted its quarterly earnings data 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). The business had revenue of $758.33 million for the quarter, compared to analysts’ expectations of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. Murphy Oil’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 earnings per share. On average, analysts expect Murphy Oil to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Murphy Oil Stock Down 0.8 %

Shares of NYSE:MUR opened at $29.50 on Tuesday. The firm has a market cap of $4.30 billion, a PE ratio of 9.52 and a beta of 2.17. The company has a fifty day simple moving average of $31.12 and a 200 day simple moving average of $34.17. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24. Murphy Oil has a 12-month low of $27.75 and a 12-month high of $49.14.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Piper Sandler cut their price target on Murphy Oil from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Barclays reduced their price objective on Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. UBS Group dropped their target price on Murphy Oil from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Finally, Wells Fargo & Company reduced their price target on shares of Murphy Oil from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.42.

Check Out Our Latest Analysis on Murphy Oil

About Murphy Oil

(Get Free Report)

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 for Murphy Oil (NYSE:MUR)

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