What is KeyCorp’s Estimate for Murphy Oil Q2 Earnings?

Murphy Oil Corporation (NYSE:MUR) – Equities researchers at KeyCorp raised their Q2 2026 earnings per share estimates for shares of Murphy Oil in a research note issued on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will post earnings of $1.49 per share for the quarter, up from their previous forecast of $1.30. KeyCorp has a “Overweight” rating and a $48.00 price objective on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $3.48 per share. KeyCorp also issued estimates for Murphy Oil’s Q3 2026 earnings at $1.33 EPS, Q4 2026 earnings at $1.42 EPS, FY2026 earnings at $4.56 EPS and Q4 2027 earnings at $1.39 EPS.

Several other equities analysts have also recently commented on the stock. Morgan Stanley restated an “underweight” rating on shares of Murphy Oil in a report on Friday, March 27th. Roth Mkm reiterated a “neutral” rating and set a $36.00 price objective on shares of Murphy Oil in a report on Thursday, May 7th. Zacks Research raised Murphy Oil from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Murphy Oil in a research note on Friday, March 27th. Finally, UBS Group lifted their price target on Murphy Oil from $43.00 to $44.00 and gave the company a “neutral” rating in a 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.75.

Murphy Oil Stock Down 0.1%

Murphy Oil stock opened at $38.64 on Monday. Murphy Oil has a twelve month low of $21.86 and a twelve month 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. The firm has a market cap of $5.54 billion, a PE ratio of 65.49 and a beta of 0.50. The firm’s 50 day moving average price is $39.13 and its two-hundred day moving average price is $35.00.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping 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 business had revenue of $732.35 million during the quarter, compared to analyst estimates of $702.96 million. During the same period in the prior year, the firm earned $0.56 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a $0.35 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a yield of 3.6%. Murphy Oil’s dividend payout ratio (DPR) is presently 237.29%.

Insider Buying and Selling

In other Murphy Oil news, SVP Daniel R. Hanchera sold 47,320 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $33.79, for a total transaction of $1,598,942.80. Following the completion of the transaction, the senior vice president owned 36,166 shares of the company’s stock, valued at $1,222,049.14. The trade was a 56.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Murphy Oil

Institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC bought a new stake in Murphy Oil during the 4th quarter valued at approximately $26,000. Leonteq Securities AG acquired a new position in shares of Murphy Oil in the first quarter valued at $29,000. Valued Wealth Advisors LLC lifted its position 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 worth $31,000 after purchasing an additional 735 shares during the period. Smartleaf Asset Management LLC lifted its position in Murphy Oil by 67.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 440 shares during the period. Finally, Torren Management LLC acquired a new stake in Murphy Oil during the fourth quarter worth $37,000. 78.31% of the stock is currently owned by institutional investors.

Key Stories Impacting Murphy Oil

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

• Positive Sentiment: Zacks Research raised multiple earnings forecasts for Murphy Oil, including FY2026, FY2027, and several quarterly periods, suggesting analysts see improving profitability ahead. Article: Why Murphy Oil (MUR) is a Top Momentum Stock for the Long-Term
• Positive Sentiment: Murphy Oil’s post-earnings momentum remains constructive, with one report noting the stock has gained since its last earnings release and questioning whether that strength can continue. Article: Murphy Oil (MUR) Up 4.4% Since Last Earnings Report: Can It Continue?
• Positive Sentiment: Seeking Alpha highlighted that Wall Street is increasingly catching on to Murphy Oil’s story, which may be supporting investor interest in the name. Article: Murphy Oil: Wall Street Catches On
• Neutral Sentiment: Analyst commentary is split: Zacks Research and KeyCorp both kept neutral-to-bullish ratings overall, but they made mixed changes to future EPS estimates, signaling uncertainty about the pace of earnings growth.
• Negative Sentiment: KeyCorp trimmed its Q2 and Q3 2027 EPS estimates for Murphy Oil, which may be tempering enthusiasm despite its Overweight rating and $48 price target.

About Murphy Oil

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.