FY2024 EPS Estimates for Murphy Oil Raised by Analyst

Murphy Oil Co. (NYSE:MUR) – Capital One Financial boosted their FY2024 earnings per share (EPS) estimates for Murphy Oil in a report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of $3.21 for the year, up from their prior estimate of $3.19. The consensus estimate for Murphy Oil’s current full-year earnings is $3.15 per share. Capital One Financial also issued estimates for Murphy Oil’s Q4 2024 earnings at $0.82 EPS, Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $1.21 EPS, FY2025 earnings at $4.60 EPS and FY2026 earnings at $5.34 EPS.

Several other equities analysts also recently weighed in on the company. Wells Fargo & Company dropped their target price on Murphy Oil from $39.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, December 9th. The Goldman Sachs Group dropped their price target on shares of Murphy Oil from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Mizuho decreased their target price on Murphy Oil from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Barclays cut their target price on shares of Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, BMO Capital Markets dropped their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Murphy Oil currently has a consensus rating of “Hold” and a consensus target price of $39.58.

Murphy Oil Stock Performance

NYSE MUR opened at $33.34 on Friday. The stock has a fifty day simple moving average of $31.26 and a 200-day simple moving average of $35.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24. Murphy Oil has a twelve month low of $27.75 and a twelve month high of $49.14. The stock has a market cap of $4.86 billion, a PE ratio of 10.75 and a beta of 2.17.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). The firm had revenue of $758.33 million for the quarter, compared to analyst estimates of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. Murphy Oil’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 earnings per share.

Institutional Trading of Murphy Oil

A number of hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd grew its holdings in Murphy Oil by 266.8% in the third quarter. Covestor Ltd now owns 741 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 539 shares during the period. Reston Wealth Management LLC purchased a new stake in Murphy Oil during the third quarter valued at about $27,000. Compass Wealth Management LLC acquired a new stake in Murphy Oil during the third quarter worth about $42,000. Headlands Technologies LLC lifted its stake in shares of Murphy Oil by 1,434.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its position in shares of Murphy Oil by 106.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer’s stock worth $50,000 after acquiring an additional 758 shares in the last quarter. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Company Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. 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.