Equities research analysts expect that Murphy Oil Co. (NYSE:MUR) will report $0.26 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Murphy Oil’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.17. Murphy Oil reported earnings of $0.36 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 27.8%. The firm is expected to issue its next earnings results before the market opens on Thursday, August 8th.

According to Zacks, analysts expect that Murphy Oil will report full-year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.01 to $1.69. For the next financial year, analysts forecast that the business will post earnings of $2.19 per share, with EPS estimates ranging from $0.85 to $5.09. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Murphy Oil.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.05. Murphy Oil had a return on equity of 4.10% and a net margin of 10.99%. The business had revenue of $591.00 million for the quarter, compared to the consensus estimate of $557.15 million. During the same period in the previous year, the business earned $0.23 earnings per share. The business’s revenue was up 57.3% on a year-over-year basis.

MUR has been the topic of several research analyst reports. Stephens set a $40.00 price objective on Murphy Oil and gave the company a “hold” rating in a research report on Friday, May 17th. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the company a “buy” rating in a research report on Friday, July 12th. Zacks Investment Research upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a research report on Monday, June 10th. Goldman Sachs Group downgraded Encana to a “buy” rating in a research report on Friday, April 12th. Finally, Capital One Financial initiated coverage on Murphy Oil in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $37.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Murphy Oil currently has a consensus rating of “Hold” and an average price target of $33.89.

In other news, insider Thomas J. Mireles sold 7,400 shares of Murphy Oil stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $27.60, for a total value of $204,240.00. Following the sale, the insider now directly owns 21,368 shares of the company’s stock, valued at $589,756.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.46% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its stake in Murphy Oil by 632.3% during the first quarter. Quadrant Capital Group LLC now owns 2,065 shares of the oil and gas producer’s stock worth $58,000 after acquiring an additional 1,783 shares during the last quarter. Penserra Capital Management LLC increased its stake in Murphy Oil by 247.7% during the first quarter. Penserra Capital Management LLC now owns 4,729 shares of the oil and gas producer’s stock worth $138,000 after acquiring an additional 3,369 shares during the last quarter. Investors Research Corp bought a new stake in Murphy Oil during the first quarter worth approximately $149,000. MHI Funds LLC bought a new stake in Murphy Oil during the first quarter worth approximately $192,000. Finally, Pearl River Capital LLC increased its stake in Murphy Oil by 906.8% during the first quarter. Pearl River Capital LLC now owns 6,766 shares of the oil and gas producer’s stock worth $198,000 after acquiring an additional 6,094 shares during the last quarter. 85.66% of the stock is currently owned by institutional investors.

Shares of Murphy Oil stock traded up $0.26 during trading hours on Monday, hitting $21.57. The company’s stock had a trading volume of 2,588,521 shares, compared to its average volume of 2,007,501. The stock has a 50 day moving average price of $24.10. Murphy Oil has a 12-month low of $21.20 and a 12-month high of $36.53. The firm has a market cap of $3.70 billion, a P/E ratio of 17.12 and a beta of 1.94. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.67.

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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Earnings History and Estimates for Murphy Oil (NYSE:MUR)

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