Zacks Research Forecasts Murphy Oil’s Q3 Earnings (NYSE:MUR)

Murphy Oil Corporation (NYSE:MUR) – Equities research analysts at Zacks Research cut their Q3 2026 earnings per share estimates for shares of Murphy Oil in a research report issued to clients and investors on Wednesday, August 19th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.89. The consensus estimate for Murphy Oil’s current full-year earnings is $2.98 per share. Zacks Research also issued estimates for Murphy Oil’s FY2026 earnings at $2.97 EPS, Q1 2027 earnings at $0.51 EPS, Q2 2027 earnings at $0.52 EPS, Q3 2027 earnings at $0.70 EPS, FY2027 earnings at $2.50 EPS, Q1 2028 earnings at $0.79 EPS, Q2 2028 earnings at $0.56 EPS and FY2028 earnings at $2.65 EPS.

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

Several other equities analysts have also commented on MUR. Morgan Stanley reiterated an “underweight” rating and issued a $36.00 price target on shares of Murphy Oil in a research note on Wednesday. Jefferies Financial Group downgraded Murphy Oil from a “buy” rating to an “underperform” rating in a research note on Thursday, June 4th. Scotiabank reiterated a “sector perform” rating and issued a $44.00 price objective on shares of Murphy Oil in a research note on Wednesday, May 13th. KeyCorp decreased their price objective on Murphy Oil from $48.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Finally, Mizuho upgraded shares of Murphy Oil to a “hold” rating in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.58.

Murphy Oil Stock Up 3.6%

Shares of NYSE:MUR opened at $38.19 on Friday. Murphy Oil has a fifty-two week low of $21.86 and a fifty-two week high of $43.34. 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 has a market cap of $5.48 billion, a price-to-earnings ratio of 18.91 and a beta of 0.50. The firm’s 50 day moving average price is $35.56 and its 200 day moving average price is $36.54.

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 17th. Murphy Oil’s dividend payout ratio (DPR) is 69.31%.

Institutional Investors Weigh In On Murphy Oil

Large investors have recently modified their holdings of the stock. NewEdge Wealth LLC increased its position in Murphy Oil by 2.6% during the first quarter. NewEdge Wealth LLC now owns 10,954 shares of the oil and gas producer’s stock worth $452,000 after buying an additional 281 shares in the last quarter. Baron Wealth Management LLC lifted its position in shares of Murphy Oil by 2.6% in the first quarter. Baron Wealth Management LLC now owns 12,118 shares of the oil and gas producer’s stock valued at $500,000 after acquiring an additional 304 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Murphy Oil by 4.4% during the second quarter. Rehmann Capital Advisory Group now owns 7,774 shares of the oil and gas producer’s stock valued at $253,000 after acquiring an additional 328 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Murphy Oil by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 11,091 shares of the oil and gas producer’s stock valued at $347,000 after acquiring an additional 400 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Murphy Oil by 0.9% during the 4th quarter. Cetera Investment Advisers now owns 45,662 shares of the oil and gas producer’s stock worth $1,427,000 after purchasing an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil News Roundup

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

• Positive Sentiment: Zacks Research raised its Q4 2027 EPS estimate to $0.77 from $0.69, providing a limited positive offset to the broader revisions.
• Neutral Sentiment: Murphy Oil shares recently gained 3.8% to $38.28 and have risen approximately 79% over the past year, indicating strong momentum. However, GuruFocus estimated GF Value at $35.90 versus the $38.28 share price, suggesting the stock may be trading above its modeled fair value. A Look at Murphy Oil Corp After 3.8% Gain
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast sharply to $0.39 from $0.89. It also lowered FY2027 EPS to $2.50 from $2.86, FY2028 EPS to $2.65 from $2.87, Q1 2027 EPS to $0.51 from $0.61, Q2 2027 EPS to $0.52 from $0.71, Q3 2027 EPS to $0.70 from $0.84, and Q2 2028 EPS to $0.56 from $0.68. FY2026 was trimmed slightly to $2.97 from $2.98, while Q1 2028 was reduced to $0.79 from $0.80.
• Negative Sentiment: The revisions imply a more cautious earnings trajectory for MUR, with Zacks’ FY2027 estimate now well below the current-year consensus of $2.98 per share. That outlook may weigh on the stock despite its recent rally and the company’s strong year-over-year revenue growth.

About Murphy Oil

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.