Zacks: Analysts Anticipate Murphy Oil Corporation (MUR) Will Post Quarterly Sales of $520.73 Million

Equities research analysts forecast that Murphy Oil Corporation (NYSE:MUR) will announce sales of $520.73 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Murphy Oil Corporation’s earnings. The highest sales estimate is $565.90 million and the lowest is $481.81 million. Murphy Oil Corporation reported sales of $437.46 million in the same quarter last year, which suggests a positive year over year growth rate of 19%. The business is scheduled to report its next quarterly earnings report on Wednesday, July 26th.

On average, analysts expect that Murphy Oil Corporation will report full year sales of $520.73 million for the current fiscal year, with estimates ranging from $2.15 billion to $2.66 billion. For the next financial year, analysts anticipate that the company will report sales of $2.45 billion per share, with estimates ranging from $2.12 billion to $2.77 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Murphy Oil Corporation.

Murphy Oil Corporation (NYSE:MUR) last released its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $544.70 million for the quarter, compared to analyst estimates of $529.61 million. Murphy Oil Corporation had a negative net margin of 0.89% and a negative return on equity of 2.61%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.66) EPS.

Several brokerages recently issued reports on MUR. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Credit Suisse Group reissued a “hold” rating and set a $35.00 price objective on shares of Murphy Oil Corporation in a research note on Friday, April 7th. Barclays PLC upped their price objective on shares of Murphy Oil Corporation from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Simmons upped their price objective on shares of Murphy Oil Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $32.00 price objective on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research note on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.89.

Murphy Oil Corporation (NYSE:MUR) traded up 1.51% during trading on Friday, reaching $25.59. 3,519,577 shares of the company’s stock traded hands. Murphy Oil Corporation has a 12 month low of $23.61 and a 12 month high of $35.19. The company’s market capitalization is $4.42 billion. The firm’s 50 day moving average is $25.89 and its 200-day moving average is $28.68.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, May 11th. Murphy Oil Corporation’s dividend payout ratio (DPR) is -999.90%.

ILLEGAL ACTIVITY WARNING: “Zacks: Analysts Anticipate Murphy Oil Corporation (MUR) Will Post Quarterly Sales of $520.73 Million” was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://baseballnewssource.com/markets/zacks-analysts-anticipate-murphy-oil-corporation-mur-will-post-quarterly-sales-of-520-73-million-updated/985480.html.

A number of institutional investors have recently modified their holdings of the company. Fiduciary Trust Co. raised its position in shares of Murphy Oil Corporation by 0.5% in the first quarter. Fiduciary Trust Co. now owns 13,116 shares of the oil and gas producer’s stock valued at $375,000 after buying an additional 69 shares during the period. Horrell Capital Management Inc. raised its stake in Murphy Oil Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the oil and gas producer’s stock valued at $779,000 after buying an additional 100 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Murphy Oil Corporation by 0.6% in the first quarter. New Mexico Educational Retirement Board now owns 16,435 shares of the oil and gas producer’s stock valued at $470,000 after buying an additional 100 shares during the last quarter. Utah Retirement Systems raised its stake in Murphy Oil Corporation by 0.3% in the first quarter. Utah Retirement Systems now owns 29,742 shares of the oil and gas producer’s stock valued at $850,000 after buying an additional 100 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Murphy Oil Corporation by 0.5% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 30,755 shares of the oil and gas producer’s stock valued at $879,000 after buying an additional 150 shares during the last quarter. 96.55% of the stock is owned by hedge funds and other institutional investors.

About Murphy Oil Corporation

Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

Get a free copy of the Zacks research report on Murphy Oil Corporation (MUR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Murphy Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third
Injury to Gleyber Torres Adds to Questions About Yankees
Injury to Gleyber Torres Adds to Questions About Yankees
Game Winning Home Run Completes Nolan Arenado Cycle
Game Winning Home Run Completes Nolan Arenado Cycle
New York Yankees and Masahiro Tanaka Hit Hard Again
New York Yankees and Masahiro Tanaka Hit Hard Again
Victor Martinez Diagnosed with Irregular Heartbeat
Victor Martinez Diagnosed with Irregular Heartbeat


Leave a Reply

 
© 2006-2017 BBNS.