$0.21 Earnings Per Share Expected for Murphy Oil Co. (MUR) This Quarter

Equities analysts predict that Murphy Oil Co. (NYSE:MUR) will post $0.21 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Murphy Oil’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.32. Murphy Oil posted earnings per share of ($0.06) in the same quarter last year, which would suggest a positive year over year growth rate of 450%. The firm is expected to issue its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that Murphy Oil will report full-year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.34 to $1.55. For the next year, analysts forecast that the business will report earnings of $0.81 per share, with EPS estimates ranging from $0.04 to $1.77. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Murphy Oil.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. The company had revenue of $541.58 million during the quarter, compared to analyst estimates of $552.54 million. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) earnings per share.

A number of research analysts recently commented on the company. Barclays upped their target price on Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine lowered Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Morgan Stanley upped their target price on Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Stephens set a $37.00 target price on Murphy Oil and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Cowen set a $34.00 target price on Murphy Oil and gave the company a “hold” rating in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.83.

Shares of Murphy Oil (NYSE MUR) traded up $0.96 during midday trading on Monday, hitting $27.30. The company had a trading volume of 2,264,023 shares, compared to its average volume of 2,661,573. The company has a quick ratio of 1.60, a current ratio of 1.64 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $4,550.00, a price-to-earnings ratio of -15.17 and a beta of 2.30. Murphy Oil has a twelve month low of $22.21 and a twelve month high of $35.16.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Friday, February 16th. Murphy Oil’s dividend payout ratio (DPR) is -55.56%.

In other news, VP John B. Gardner sold 3,783 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $27.84, for a total transaction of $105,318.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eugene T. Coleman sold 33,435 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the sale, the insider now owns 57,246 shares in the company, valued at approximately $1,653,264.48. The disclosure for this sale can be found here. Corporate insiders own 6.89% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. NuWave Investment Management LLC bought a new stake in shares of Murphy Oil during the fourth quarter worth $125,000. Advisor Group Inc. grew its holdings in shares of Murphy Oil by 8.0% during the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 301 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Murphy Oil during the fourth quarter worth $197,000. Advisor Partners LLC bought a new stake in shares of Murphy Oil during the fourth quarter worth $227,000. Finally, Gofen & Glossberg LLC IL bought a new stake in shares of Murphy Oil during the fourth quarter worth $220,000. Institutional investors own 96.23% of the company’s stock.

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Murphy Oil 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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