Equities analysts forecast that Murphy Oil Co. (NYSE:MUR) will announce $646.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Murphy Oil’s earnings, with the lowest sales estimate coming in at $637.00 million and the highest estimate coming in at $660.40 million. Murphy Oil reported sales of $498.32 million during the same quarter last year, which indicates a positive year over year growth rate of 29.8%. The business is expected to announce its next earnings report after the market closes on Wednesday, November 7th.
On average, analysts expect that Murphy Oil will report full year sales of $2.56 billion for the current financial year, with estimates ranging from $2.50 billion to $2.65 billion. For the next financial year, analysts anticipate that the business will report sales of $2.78 billion, with estimates ranging from $2.65 billion to $2.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Murphy Oil.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 8th. The oil and gas producer reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $655.15 million for the quarter, compared to analysts’ expectations of $623.76 million. Murphy Oil had a negative net margin of 6.19% and a positive return on equity of 2.32%. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) EPS.
Shares of MUR stock traded down $0.43 on Friday, reaching $34.62. The stock had a trading volume of 1,963,600 shares, compared to its average volume of 2,094,219. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of -266.31 and a beta of 2.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.46. Murphy Oil has a 12 month low of $24.39 and a 12 month high of $36.53.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, November 8th. Murphy Oil’s payout ratio is -769.23%.
Hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new position in Murphy Oil during the second quarter worth $126,000. Legacy Financial Advisors Inc. acquired a new position in shares of Murphy Oil during the second quarter valued at about $135,000. North Star Investment Management Corp. acquired a new position in shares of Murphy Oil during the second quarter valued at about $142,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Murphy Oil during the second quarter valued at about $201,000. Finally, Foundation Resource Management Inc. acquired a new position in shares of Murphy Oil during the second quarter valued at about $203,000. 89.65% of the stock is owned by hedge funds and other institutional investors.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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