Brokerages Expect Murphy Oil Corporation (MUR) to Post -$0.10 Earnings Per Share
Analysts expect Murphy Oil Corporation (NYSE:MUR) to post earnings per share of ($0.10) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Murphy Oil Corporation’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.16). Murphy Oil Corporation reported earnings of ($0.18) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 44.4%. The firm is scheduled to issue its next earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Murphy Oil Corporation will report full year earnings of ($0.35) per share for the current year, with EPS estimates ranging from ($0.54) to ($0.13). For the next year, analysts anticipate that the company will post earnings of $0.07 per share, with EPS estimates ranging from ($0.85) to $1.17. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Murphy Oil Corporation.
Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The firm had revenue of $474.50 million for the quarter, compared to the consensus estimate of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same quarter in the previous year, the business earned ($0.36) earnings per share.
Several equities analysts have commented on the stock. Scotiabank set a $27.00 target price on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research report on Friday. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 target price on shares of Murphy Oil Corporation in a research report on Thursday, August 10th. BidaskClub raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Cowen and Company set a $30.00 target price on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.55.
Murphy Oil Corporation (MUR) opened at 25.22 on Tuesday. The firm’s market cap is $4.35 billion. The firm’s 50-day moving average price is $25.49 and its 200-day moving average price is $26.56. Murphy Oil Corporation has a 12 month low of $23.61 and a 12 month high of $35.19.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. Murphy Oil Corporation’s payout ratio is currently -454.55%.
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In other news, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the completion of the sale, the vice president now owns 100 shares in the company, valued at approximately $2,605. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the sale, the insider now owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,795 shares of company stock valued at $225,390. 6.89% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its position in Murphy Oil Corporation by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 207,664 shares of the oil and gas producer’s stock worth $6,465,000 after buying an additional 10,854 shares in the last quarter. Macquarie Group Ltd. raised its position in Murphy Oil Corporation by 526.2% in the fourth quarter. Macquarie Group Ltd. now owns 38,200 shares of the oil and gas producer’s stock worth $1,189,000 after buying an additional 32,100 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Murphy Oil Corporation by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 142,219 shares of the oil and gas producer’s stock worth $4,066,000 after buying an additional 4,435 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Murphy Oil Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,867 shares of the oil and gas producer’s stock worth $1,454,000 after buying an additional 600 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in Murphy Oil Corporation by 2.9% in the first quarter. Capstone Asset Management Co. now owns 27,749 shares of the oil and gas producer’s stock worth $793,000 after buying an additional 790 shares in the last quarter. Institutional investors and hedge funds own 96.68% of the company’s stock.
About Murphy Oil Corporation
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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