Equities research analysts forecast that Murphy Oil Corporation (NYSE:MUR) will post earnings per share (EPS) of ($0.12) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Murphy Oil Corporation’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.02). Murphy Oil Corporation posted earnings per share of ($0.18) in the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that Murphy Oil Corporation will report full-year earnings of ($0.32) per share for the current fiscal year, with EPS estimates ranging from ($0.57) to ($0.13). For the next financial year, analysts forecast that the business will post earnings of $0.04 per share, with EPS estimates ranging from ($0.77) to $1.17. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Murphy Oil Corporation.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. The company had revenue of $474.50 million for the quarter, compared to analyst estimates of $495.03 million. During the same quarter in the previous year, the company earned ($0.36) EPS.

A number of analysts have recently commented on MUR shares. Barclays PLC lowered shares of Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $38.00 to $29.00 in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Piper Jaffray Companies restated a “hold” rating and issued a $31.00 price target on shares of Murphy Oil Corporation in a research note on Thursday, August 10th. Scotiabank set a $27.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research note on Friday, August 11th. Finally, ValuEngine downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.82.

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Shares of Murphy Oil Corporation (NYSE MUR) traded down 0.747% during mid-day trading on Thursday, hitting $25.895. 167,870 shares of the stock traded hands. The company’s market cap is $4.47 billion. The stock has a 50-day moving average of $24.52 and a 200-day moving average of $25.74. Murphy Oil Corporation has a 52 week low of $22.21 and a 52 week high of $35.19.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, August 10th. Murphy Oil Corporation’s payout ratio is currently -454.55%.

In related news, insider Kelli M. Hammock sold 4,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $25.63, for a total value of $102,520.00. Following the sale, the insider now directly owns 14,298 shares in the company, valued at approximately $366,457.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Allan J. Misner sold 3,795 shares of Murphy Oil Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the transaction, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC lifted its position in Murphy Oil Corporation by 3.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,581,270 shares of the oil and gas producer’s stock worth $373,718,000 after buying an additional 445,500 shares during the last quarter. BlackRock Inc. lifted its position in Murphy Oil Corporation by 2.2% in the 2nd quarter. BlackRock Inc. now owns 12,162,743 shares of the oil and gas producer’s stock worth $311,730,000 after buying an additional 265,161 shares during the last quarter. FMR LLC lifted its position in Murphy Oil Corporation by 4.7% in the 2nd quarter. FMR LLC now owns 11,806,976 shares of the oil and gas producer’s stock worth $302,613,000 after buying an additional 529,291 shares during the last quarter. State Street Corp lifted its position in Murphy Oil Corporation by 4.6% in the 2nd quarter. State Street Corp now owns 11,373,872 shares of the oil and gas producer’s stock worth $291,513,000 after buying an additional 503,190 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its position in Murphy Oil Corporation by 4.3% in the 2nd quarter. Pzena Investment Management LLC now owns 9,510,782 shares of the oil and gas producer’s stock worth $243,761,000 after buying an additional 396,009 shares during the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Corporation Company Profile

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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