Wall Street brokerages expect Murphy Oil Corporation (NYSE:MUR) to announce sales of $567.00 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Murphy Oil’s earnings. The highest sales estimate is $653.20 million and the lowest is $519.64 million. Murphy Oil posted sales of $505.84 million in the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The business is expected to announce its next quarterly earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Murphy Oil will report full year sales of $567.00 million for the current fiscal year, with estimates ranging from $2.16 billion to $2.29 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.40 billion per share, with estimates ranging from $2.15 billion to $2.88 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Murphy Oil.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The business had revenue of $498.31 million for the quarter, compared to analysts’ expectations of $460.17 million. During the same quarter last year, the company posted ($0.18) EPS. The company’s revenue was up 2.6% compared to the same quarter last year.

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Morgan Stanley upped their price target on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price target on shares of Murphy Oil in a research report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.27.

Shares of Murphy Oil (MUR) opened at $28.10 on Friday. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $34.90. The company has a current ratio of 1.74, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 10th. This represents a $1.00 annualized dividend and a yield of 3.56%. Murphy Oil’s dividend payout ratio is presently -196.08%.

In related news, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.55, for a total transaction of $180,578.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 76,500 shares of company stock worth $17,850. 6.89% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MUR. Bank of Montreal Can lifted its holdings in Murphy Oil by 9.1% during the second quarter. Bank of Montreal Can now owns 46,073 shares of the oil and gas producer’s stock valued at $1,181,000 after purchasing an additional 3,852 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Murphy Oil by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the oil and gas producer’s stock valued at $259,000 after purchasing an additional 100 shares in the last quarter. ING Groep NV lifted its holdings in Murphy Oil by 0.5% during the second quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock valued at $213,000 after purchasing an additional 39 shares in the last quarter. Shell Asset Management Co. lifted its holdings in Murphy Oil by 13.3% during the second quarter. Shell Asset Management Co. now owns 12,839 shares of the oil and gas producer’s stock valued at $329,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in Murphy Oil by 75.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,060 shares of the oil and gas producer’s stock valued at $233,000 after purchasing an additional 3,890 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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About Murphy Oil

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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