Equities analysts expect that Murphy Oil Co. (NYSE:MUR) will report $607.20 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Murphy Oil’s earnings, with estimates ranging from $490.00 million to $655.63 million. Murphy Oil posted sales of $474.50 million during the same quarter last year, which suggests a positive year over year growth rate of 28%. The business is scheduled to issue its next earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that Murphy Oil will report full-year sales of $2.40 billion for the current fiscal year, with estimates ranging from $2.00 billion to $2.74 billion. For the next financial year, analysts expect that the firm will report sales of $2.48 billion per share, with estimates ranging from $2.02 billion to $2.98 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Murphy Oil.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Murphy Oil had a negative net margin of 9.62% and a positive return on equity of 0.58%. The firm had revenue of $585.61 million during the quarter, compared to analyst estimates of $575.76 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year.

Several equities research analysts have recently commented on MUR shares. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, April 11th. ValuEngine raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Societe Generale raised shares of Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. Finally, UBS Group assumed coverage on shares of Murphy Oil in a research report on Wednesday, March 7th. They set a “neutral” rating and a $28.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.22.

Several large investors have recently made changes to their positions in MUR. NuWave Investment Management LLC bought a new position in Murphy Oil in the 4th quarter worth approximately $125,000. Penserra Capital Management LLC bought a new position in Murphy Oil in the 1st quarter worth approximately $124,000. Advisor Group Inc. boosted its stake in Murphy Oil by 50.5% in the 4th quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock worth $218,000 after purchasing an additional 2,351 shares during the period. Signition LP bought a new position in Murphy Oil in the 4th quarter worth approximately $226,000. Finally, Jump Trading LLC bought a new position in Murphy Oil in the 1st quarter worth approximately $200,000. Institutional investors own 95.50% of the company’s stock.

Murphy Oil opened at $33.58 on Thursday, according to MarketBeat Ratings. Murphy Oil has a 52 week low of $22.21 and a 52 week high of $35.16. The stock has a market cap of $5.97 billion, a PE ratio of -258.31 and a beta of 2.30. The company has a quick ratio of 1.40, a current ratio of 1.51 and a debt-to-equity ratio of 0.62.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Monday, May 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.98%. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.

About Murphy Oil

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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Earnings History and Estimates for Murphy Oil (NYSE:MUR)

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