Q3 Earnings Estimate for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Stock analysts at Zacks Research lowered their Q3 2026 earnings per share (EPS) estimates for Murphy Oil in a report issued on Wednesday, July 15th. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings of $0.87 per share for the quarter, down from their prior estimate of $1.03. The consensus estimate for Murphy Oil’s current full-year earnings is $3.05 per share. Zacks Research also issued estimates for Murphy Oil’s Q4 2026 earnings at $0.69 EPS, FY2026 earnings at $2.69 EPS, Q1 2027 earnings at $0.62 EPS, Q2 2027 earnings at $0.67 EPS, Q3 2027 earnings at $0.83 EPS, Q4 2027 earnings at $0.68 EPS, FY2027 earnings at $2.81 EPS, Q2 2028 earnings at $0.70 EPS and FY2028 earnings at $2.91 EPS.

Other equities research analysts have also issued reports about the company. Scotiabank reaffirmed a “sector perform” rating and set a $44.00 target price on shares of Murphy Oil in a research report on Wednesday, May 13th. KeyCorp upgraded 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. Wall Street Zen lowered shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Johnson Rice raised shares of Murphy Oil from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 25th. Finally, Roth Capital restated a “neutral” rating and set a $36.00 price target on shares of Murphy Oil in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Murphy Oil has an average rating of “Hold” and an average price target of $38.58.

Murphy Oil Price Performance

Shares of NYSE MUR opened at $35.36 on Friday. The firm has a 50-day moving average of $36.37 and a two-hundred day moving average of $35.67. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 59.93 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. Murphy Oil has a twelve month low of $21.86 and a twelve month high of $43.34.

Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $702.96 million. During the same quarter last year, the company earned $0.56 EPS. Murphy Oil’s quarterly revenue was up 9.0% on a year-over-year basis.

Institutional Investors Weigh In On Murphy Oil

Several institutional investors and hedge funds have recently modified their holdings of MUR. SG Americas Securities LLC boosted its holdings in shares of Murphy Oil by 32.0% during the 4th quarter. SG Americas Securities LLC now owns 122,420 shares of the oil and gas producer’s stock worth $3,826,000 after buying an additional 29,689 shares during the period. Pacific Heights Asset Management LLC raised its holdings in Murphy Oil by 10.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 550,000 shares of the oil and gas producer’s stock worth $17,188,000 after acquiring an additional 50,000 shares during the period. State of Alaska Department of Revenue lifted its position in Murphy Oil by 138.2% during the 4th quarter. State of Alaska Department of Revenue now owns 34,936 shares of the oil and gas producer’s stock worth $1,090,000 after acquiring an additional 20,271 shares during the last quarter. Flax Pond Capital LLC bought a new stake in Murphy Oil during the fourth quarter valued at about $6,967,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Murphy Oil in the first quarter valued at about $1,745,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Trending Headlines about Murphy Oil

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

• Positive Sentiment: Murphy Oil’s last reported quarter beat Wall Street expectations, with EPS and revenue both topping estimates, which supports the stock’s recent strength.
• Neutral Sentiment: Zacks Research maintained a generally constructive longer-term outlook but trimmed some future EPS estimates for Murphy Oil, including FY2026, FY2027, FY2028 and several quarterly forecasts. Murphy Oil analyst estimate updates
• Negative Sentiment: The largest reductions were in near- to medium-term forecasts, including Q3 2026, Q4 2026, Q1 2027 and Q2 2027, which may weigh on sentiment if investors focus on slower expected earnings growth. Murphy Oil analyst estimate updates

Murphy Oil Company Profile

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.