Zacks Research Forecasts Murphy Oil’s Q3 Earnings (NYSE:MUR)

Murphy Oil Corporation (NYSE:MUR) – Analysts at Zacks Research cut their Q3 2026 earnings per share estimates for Murphy Oil in a research note issued on Wednesday, July 22nd. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings of $0.86 per share for the quarter, down from their prior estimate of $0.87. The consensus estimate for Murphy Oil’s current full-year earnings is $3.11 per share. Zacks Research also issued estimates for Murphy Oil’s Q1 2027 earnings at $0.58 EPS, Q3 2027 earnings at $0.81 EPS, Q4 2027 earnings at $0.66 EPS, FY2027 earnings at $2.72 EPS, Q2 2028 earnings at $0.65 EPS and FY2028 earnings at $2.74 EPS.

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

Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group downgraded Murphy Oil from a “buy” rating to an “underperform” rating in a research report on Thursday, June 4th. Mizuho boosted their price target on Murphy Oil from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Barclays upped their price target on Murphy Oil from $36.00 to $43.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Scotiabank reaffirmed a “sector perform” rating and issued a $44.00 price objective on shares of Murphy Oil in a research report on Wednesday, May 13th. Finally, UBS Group dropped their price objective on shares of Murphy Oil from $44.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.33.

Murphy Oil Trading Down 1.1%

NYSE:MUR opened at $38.96 on Thursday. The business’s 50-day moving average is $36.31 and its two-hundred day moving average is $35.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.77. Murphy Oil has a 12 month low of $21.86 and a 12 month high of $43.34. The firm has a market capitalization of $5.59 billion, a PE ratio of 66.04 and a beta of 0.52.

Institutional Investors Weigh In On Murphy Oil

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in Murphy Oil by 105.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,310,884 shares of the oil and gas producer’s stock valued at $136,574,000 after acquiring an additional 1,700,498 shares during the period. SIR Capital Management L.P. acquired a new stake in shares of Murphy Oil during the 3rd quarter worth approximately $30,896,000. Freestone Grove Partners LP bought a new stake in shares of Murphy Oil in the 3rd quarter worth approximately $21,096,000. Bank of America Corp DE lifted its holdings in shares of Murphy Oil by 33.3% in the 3rd quarter. Bank of America Corp DE now owns 2,056,427 shares of the oil and gas producer’s stock worth $58,423,000 after purchasing an additional 514,127 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Murphy Oil by 49.9% during the 2nd quarter. First Trust Advisors LP now owns 946,728 shares of the oil and gas producer’s stock valued at $21,301,000 after purchasing an additional 315,199 shares during the period. 78.31% of the stock is 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: Zacks Research raised its Q2 2026 EPS estimate for Murphy Oil to $0.98 from $0.80 and lifted FY2026 EPS to $2.85 from $2.69, suggesting better near-term profitability expectations.
• Neutral Sentiment: The firm’s current full-year consensus earnings estimate remains $3.09 per share, so the stock is still being judged against a relatively steady Wall Street benchmark.
• Negative Sentiment: Zacks Research trimmed several longer-dated forecasts, including Q1 2027 EPS to $0.58 from $0.62, Q3 2026 EPS to $0.86 from $0.87, Q3 2027 EPS to $0.81 from $0.83, Q4 2027 EPS to $0.66 from $0.68, Q2 2028 EPS to $0.65 from $0.70, and FY2028 EPS to $2.74 from $2.91, pointing to softer long-term earnings momentum.
• Negative Sentiment: FY2027 EPS estimates were also cut to $2.72 from $2.81, reinforcing the view that analysts see some compression in future profitability for Murphy Oil Corporation (NYSE: MUR).

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.