Murphy Oil FY2024 EPS Increased by Capital One Financial

Murphy Oil Co. (NYSE:MUR) – Equities researchers at Capital One Financial boosted their FY2024 earnings estimates for shares of Murphy Oil in a report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will earn $3.21 per share for the year, up from their prior forecast 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.

A number of other equities analysts also recently commented on the stock. Mizuho lowered their target price on shares of Murphy Oil from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Scotiabank lowered their price target on Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Piper Sandler reduced their price target on shares of Murphy Oil from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Morgan Stanley cut their price target on Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, 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 report on Monday, November 11th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Murphy Oil presently has a consensus rating of “Hold” and a consensus price target of $39.58.

Murphy Oil Stock Up 3.5 %

Shares of Murphy Oil stock opened at $32.75 on Friday. Murphy Oil has a 52-week low of $27.75 and a 52-week high of $49.14. The company has a 50 day moving average of $31.26 and a 200 day moving average of $35.00. 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 company has a market capitalization of $4.78 billion, a P/E ratio of 10.56 and a beta of 2.17.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The company had revenue of $758.33 million for the quarter, compared to analysts’ expectations of $759.74 million. During the same quarter last year, the company earned $1.59 EPS. Murphy Oil’s revenue for the quarter was down 21.0% compared to the same quarter last year.

Hedge Funds Weigh In On Murphy Oil

A number of large investors have recently made changes to their positions in MUR. Los Angeles Capital Management LLC purchased a new stake in Murphy Oil during the second quarter worth $712,000. Prudential PLC purchased a new stake in Murphy Oil during the 2nd quarter worth about $1,802,000. Headlands Technologies LLC lifted its holdings in 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. AGF Management Ltd. acquired a new stake in Murphy Oil during the second quarter worth approximately $2,269,000. Finally, American Century Companies Inc. grew its position in shares of Murphy Oil by 3.3% in the second quarter. American Century Companies Inc. now owns 845,282 shares of the oil and gas producer’s stock valued at $34,859,000 after purchasing an additional 27,106 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

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.