Murphy Oil (MUR) Scheduled to Post Earnings on Thursday

Murphy Oil (NYSE:MUR) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The company had revenue of $802.80 million for the quarter, compared to the consensus estimate of $813.97 million. During the same period in the previous year, the firm earned $0.79 earnings per share. Murphy Oil’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts expect Murphy Oil to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Murphy Oil Stock Performance

Murphy Oil stock opened at $31.60 on Tuesday. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 8.38 and a beta of 2.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $34.55 and a 200-day simple moving average of $38.83. Murphy Oil has a 1-year low of $30.99 and a 1-year high of $49.14.

Murphy Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 3.80%. Murphy Oil’s dividend payout ratio (DPR) is 31.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MUR shares. The Goldman Sachs Group decreased their price target 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. KeyCorp lowered their target price on shares of Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Mizuho reduced their price target on shares of Murphy Oil from $59.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Morgan Stanley lowered their price objective on shares of Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Finally, UBS Group dropped their target price on shares of Murphy Oil from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.17.

About Murphy Oil

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.