Murphy Oil (NYSE:MUR) – Analysts at Piper Jaffray issued their Q1 2018 earnings estimates for shares of Murphy Oil in a report released on Sunday, April 22nd. Piper Jaffray analyst G. Baber forecasts that the oil and gas producer will post earnings per share of $0.21 for the quarter. Piper Jaffray also issued estimates for Murphy Oil’s Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.03 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.19 EPS, Q1 2020 earnings at $0.08 EPS and FY2020 earnings at $0.13 EPS.
Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. The business had revenue of $541.58 million during the quarter, compared to the consensus estimate of $552.54 million. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) EPS.
MUR has been the topic of a number of other reports. Zacks Investment Research cut Murphy Oil from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. ValuEngine cut Murphy Oil from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Barclays increased their price target on Murphy Oil from $29.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Stephens set a $37.00 price target on Murphy Oil and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, UBS initiated coverage on Murphy Oil in a report on Wednesday, March 7th. They set a “neutral” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.58.
NYSE:MUR opened at $30.13 on Wednesday. The company has a market cap of $5,279.00, a price-to-earnings ratio of -231.77 and a beta of 2.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.64 and a quick ratio of 1.52. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $35.16.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, May 11th. Murphy Oil’s dividend payout ratio is currently -769.23%.
In related news, insider Eugene T. Coleman sold 33,435 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the transaction, the insider now directly owns 57,246 shares in the company, valued at approximately $1,653,264.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.59% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC lifted its holdings in shares of Murphy Oil by 1.0% in the 4th quarter. Pzena Investment Management LLC now owns 9,703,852 shares of the oil and gas producer’s stock worth $301,305,000 after purchasing an additional 94,570 shares in the last quarter. BancorpSouth Bank bought a new position in shares of Murphy Oil in the 4th quarter worth $130,904,000. Geode Capital Management LLC lifted its holdings in shares of Murphy Oil by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 1,475,358 shares of the oil and gas producer’s stock worth $45,809,000 after purchasing an additional 102,446 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Murphy Oil by 42.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,243,072 shares of the oil and gas producer’s stock worth $38,597,000 after purchasing an additional 373,317 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Murphy Oil by 351.9% in the 4th quarter. Schroder Investment Management Group now owns 939,234 shares of the oil and gas producer’s stock worth $29,163,000 after purchasing an additional 731,385 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.
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Murphy Oil Company Profile
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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