Q3 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Analysts at Zacks Research lowered their Q3 2028 EPS estimates for Murphy Oil in a report released on Monday, September 28th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings of $0.72 per share for the quarter, down from their previous estimate of $0.74. The consensus estimate for Murphy Oil’s current full-year earnings is $2.64 per share.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.02). The company had revenue of $926.33 million for the quarter, compared to the consensus estimate of $888.51 million. Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%.The business’s revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share.

MUR has been the topic of several other research reports. KeyCorp boosted their price objective on Murphy Oil from $43.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Wells Fargo & Company reissued a “positive” rating on shares of Murphy Oil in a research report on Tuesday. The Goldman Sachs Group restated a “neutral” rating and set a $34.00 price target on shares of Murphy Oil in a report on Monday, September 7th. UBS Group reduced their price target on shares of Murphy Oil from $41.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.83.

Murphy Oil Stock Up 1.4%

Shares of Murphy Oil stock opened at $37.54 on Friday. Murphy Oil has a 12-month low of $26.49 and a 12-month high of $43.34. The firm has a market capitalization of $5.38 billion, a PE ratio of 18.58 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $36.81 and its 200-day moving average is $37.36.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Jupiter Topco LLC bought a new position in shares of Murphy Oil during the 2nd quarter valued at $2,065,000. SailingStone Capital Partners LLC acquired a new stake in shares of Murphy Oil in the 2nd quarter valued at $15,852,000. Bank of America Corp DE bought a new stake in Murphy Oil in the second quarter worth $45,719,000. Y Intercept Hong Kong Ltd bought a new stake in Murphy Oil in the first quarter worth $1,745,000. Finally, BlackRock Inc. acquired a new position in Murphy Oil during the second quarter worth $626,514,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, August 17th. Murphy Oil’s dividend payout ratio (DPR) is currently 69.31%.

Murphy Oil News Summary

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

• Neutral Sentiment: Murphy Oil will release third-quarter 2026 financial and operating results after the market closes on November 4 and hold a conference call the following morning. The event could provide guidance on production, commodity-price exposure and capital spending. Murphy Oil schedules third-quarter 2026 conference call
• Neutral Sentiment: The average analyst price target is $37.83, only modestly above the stock’s recent trading level near $37.54. This suggests limited implied upside and no strong near-term valuation signal. Murphy Oil average target price
• Negative Sentiment: Zacks Research lowered its Murphy Oil EPS forecasts across multiple periods, including fourth-quarter 2026 to $0.66 from $0.73, full-year 2026 to $2.92 from $2.99, and full-year 2027 to $2.44 from $2.53. It also reduced estimates for the second and third quarters of 2027. The broad revisions signal softer expected earnings momentum and could weigh on investor sentiment. Zacks Research earnings estimate revisions for Murphy Oil

Murphy Oil Company Profile

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids.

The company’s current operations are concentrated in the United States and Canada. In the United States, Murphy Oil has assets in the Eagle Ford and Gulf Coast onshore regions, as well as interests in the Gulf of Mexico. In Canada, the company operates in Western Canadian plays, including the Tupper Montney area.

Murphy Oil was incorporated in 1950 and has historically pursued exploration and production opportunities in several international markets in addition to North America.