Murphy Oil (MUR) Expected to Announce Earnings on Thursday

Murphy Oil (NYSE:MUR) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Murphy Oil to post earnings of $0.71 per share and revenue of $751,183.57 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Murphy Oil (NYSE:MUR) last announced its earnings results 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 company had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 earnings per share. On average, analysts expect Murphy Oil to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Murphy Oil Stock Down 2.0 %

MUR opened at $30.86 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.50 billion, a PE ratio of 9.95 and a beta of 2.17. The business’s fifty day simple moving average is $31.30 and its 200 day simple moving average is $34.43. Murphy Oil has a 52 week low of $27.75 and a 52 week high of $49.14.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MUR. Mizuho cut their target price on Murphy Oil from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Barclays reduced their target price on 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. BMO Capital Markets dropped their target price on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company dropped their price target on Murphy Oil from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, December 9th. Finally, The Goldman Sachs Group cut their price objective on shares of Murphy Oil from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Murphy Oil currently has a consensus rating of “Hold” and a consensus target price of $39.42.

About Murphy Oil

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.