Q3 Earnings Estimate for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Analysts at Zacks Research upped their Q3 2026 EPS estimates for Murphy Oil in a research report issued on Friday, July 24th. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $0.89 per share for the quarter, up from their previous forecast of $0.86. The consensus estimate for Murphy Oil’s current full-year earnings is $3.13 per share. Zacks Research also issued estimates for Murphy Oil’s Q4 2026 earnings at $0.71 EPS, Q1 2027 earnings at $0.61 EPS, Q2 2027 earnings at $0.71 EPS, Q3 2027 earnings at $0.84 EPS, Q4 2027 earnings at $0.69 EPS, FY2027 earnings at $2.86 EPS, Q1 2028 earnings at $0.80 EPS, Q2 2028 earnings at $0.68 EPS and FY2028 earnings at $2.87 EPS.

Several other equities research analysts also recently issued reports on the company. Roth Capital restated a “neutral” rating and set a $36.00 target price on shares of Murphy Oil in a research report on Thursday, May 7th. Morgan Stanley reduced their price target on Murphy Oil from $37.00 to $35.00 and set an “underweight” rating for the company in a research report on Monday, June 29th. Mizuho boosted their price objective on Murphy Oil from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. KeyCorp raised Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a report on Thursday, June 4th. Finally, Jefferies Financial Group downgraded Murphy Oil from a “buy” rating to an “underperform” rating in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Murphy Oil currently has an average rating of “Hold” and an average price target of $38.33.

Murphy Oil Stock Down 3.7%

MUR opened at $37.49 on Tuesday. Murphy Oil has a 12 month low of $21.86 and a 12 month high of $43.34. The company has a market cap of $5.37 billion, a PE ratio of 63.55 and a beta of 0.52. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $36.25 and a 200 day moving average of $35.99.

Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The firm had revenue of $732.35 million during the quarter, compared to the consensus estimate of $702.96 million. During the same quarter last year, the company earned $0.56 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis.

Hedge Funds Weigh In On Murphy Oil

A number of institutional investors have recently added to or reduced their stakes in MUR. Arrowstreet Capital Limited Partnership raised its holdings in shares of Murphy Oil by 105.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,310,884 shares of the oil and gas producer’s stock valued at $136,574,000 after acquiring an additional 1,700,498 shares in the last quarter. SIR Capital Management L.P. purchased a new position in shares of Murphy Oil during the third quarter worth about $30,896,000. Freestone Grove Partners LP purchased a new position in shares of Murphy Oil during the third quarter worth about $21,096,000. Bank of America Corp DE grew its holdings in shares of Murphy Oil by 33.3% during the third quarter. Bank of America Corp DE now owns 2,056,427 shares of the oil and gas producer’s stock worth $58,423,000 after purchasing an additional 514,127 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Murphy Oil by 49.9% in the second quarter. First Trust Advisors LP now owns 946,728 shares of the oil and gas producer’s stock worth $21,301,000 after purchasing an additional 315,199 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors.

Key Headlines Impacting Murphy Oil

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

• Positive Sentiment: Zacks Research raised multiple EPS forecasts for Murphy Oil. Estimates increased for Q3 and Q4 2026, all four quarters of 2027, and the first two quarters of 2028. Full-year 2027 EPS was lifted to $2.86 from $2.72, while FY2028 EPS rose to $2.87 from $2.74. The revisions signal improved expectations for operating performance and provide a potential catalyst for MUR. Murphy Oil stock information
• Positive Sentiment: Potential production growth could be underappreciated. An energy-sector analysis identified Murphy Oil as a beneficiary of rising oil and natural-gas demand, citing exploration successes in the Gulf of America and offshore Africa that could potentially expand reserves. The report expects a meaningful production ramp beginning as early as the third quarter and becoming clearer in the fourth quarter as new wells begin producing.
• Positive Sentiment: Energy-sector rotation may support the shares. The analysis argues that energy is among the market’s strongest sectors and that geopolitical tensions in the Gulf and Red Sea are adding a premium to oil prices. Murphy’s roughly balanced oil-and-gas production gives it exposure to both crude pricing and structural natural-gas demand.
• Neutral Sentiment: Commodity prices and execution remain important variables. Murphy Oil’s outlook remains sensitive to oil and natural-gas prices, geopolitical developments and the timing of new production. Any delay in bringing projects online or a decline in energy prices could temper the benefit from the higher earnings estimates.

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.