Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Analysts at Zacks Research dropped their Q3 2026 earnings estimates for Murphy Oil in a report released on Wednesday, July 15th. Zacks Research analyst Team now anticipates that the oil and gas producer will earn $0.87 per share for the quarter, down from their prior forecast of $1.03. The consensus estimate for Murphy Oil’s current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Murphy Oil’s Q4 2026 earnings at $0.69 EPS, FY2026 earnings at $2.69 EPS, Q1 2027 earnings at $0.62 EPS, Q2 2027 earnings at $0.67 EPS, Q3 2027 earnings at $0.83 EPS, Q4 2027 earnings at $0.68 EPS, FY2027 earnings at $2.81 EPS, Q2 2028 earnings at $0.70 EPS and FY2028 earnings at $2.91 EPS.

A number of other analysts also recently commented on MUR. Scotiabank restated a “sector perform” rating and issued a $44.00 target price on shares of Murphy Oil in a research note on Wednesday, May 13th. Morgan Stanley dropped their target price on Murphy Oil from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Monday, June 29th. Jefferies Financial Group cut Murphy Oil from a “buy” rating to an “underperform” rating in a research report on Thursday, June 4th. Roth Capital restated a “neutral” rating and issued a $36.00 price objective on shares of Murphy Oil in a research report on Thursday, May 7th. Finally, UBS Group upped their price objective on Murphy Oil from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.58.

Murphy Oil Price Performance

Shares of MUR opened at $36.85 on Friday. The business’s 50-day moving average is $36.37 and its two-hundred day moving average is $35.68. The company has a market capitalization of $5.28 billion, a P/E ratio of 62.46 and a beta of 0.52. Murphy Oil has a fifty-two week low of $21.86 and a fifty-two week high of $43.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83.

Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The company had revenue of $732.35 million during the quarter, compared to the consensus estimate of $702.96 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis.

Institutional Investors Weigh In On Murphy Oil

A number of institutional investors have recently modified their holdings of MUR. CIBC Private Wealth Group LLC acquired a new position in Murphy Oil in the 4th quarter worth about $26,000. Leonteq Securities AG acquired a new stake in Murphy Oil in the first quarter valued at approximately $29,000. Valued Wealth Advisors LLC grew its holdings in Murphy Oil by 14,700.0% in the first quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 735 shares during the period. Torren Management LLC purchased a new stake in shares of Murphy Oil in the fourth quarter valued at approximately $37,000. Finally, Farther Finance Advisors LLC increased its position in shares of Murphy Oil by 72.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,701 shares of the oil and gas producer’s stock valued at $53,000 after buying an additional 717 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Murphy Oil

Here are the key news stories impacting Murphy Oil this week:

• Positive Sentiment: Murphy Oil recently beat second-quarter earnings and revenue expectations, reporting $0.32 EPS versus the $0.29 consensus and revenue of $732.35 million versus $702.96 million expected, which supports the stock’s recent upward move.
• Neutral Sentiment: Analysts still expect Murphy Oil to remain profitable, with consensus current-year earnings at $3.05 per share, even after the latest forecast adjustments.
• Negative Sentiment: Zacks Research lowered Murphy Oil’s EPS estimates for FY2026, Q3 2026, Q4 2026, FY2027, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q2 2028 and FY2028, signaling a softer earnings outlook ahead.

Murphy Oil Company Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.