Scotiabank Weighs in on Murphy Oil FY2026 Earnings

Murphy Oil Co. (NYSE:MUR) – Research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Murphy Oil in a research report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the oil and gas producer will post earnings per share of $3.45 for the year. Scotiabank currently has a “Sector Perform” rating and a $36.00 price target on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $3.15 per share.

Several other research firms have also recently weighed in on MUR. Truist Financial cut their price objective on Murphy Oil from $55.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. decreased their price objective on shares of Murphy Oil from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. KeyCorp decreased their price objective on shares of Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Piper Sandler decreased their price objective on shares of Murphy Oil from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Wells Fargo & Company decreased their price objective on shares of Murphy Oil from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.58.

Murphy Oil Stock Performance

Murphy Oil stock opened at $32.75 on Friday. The stock’s 50 day simple moving average is $31.26 and its two-hundred day simple moving average is $35.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 10.56 and a beta of 2.17. Murphy Oil has a fifty-two week low of $27.75 and a fifty-two week high of $49.14.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data 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). The firm had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The business’s revenue was down 21.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share.

Institutional Investors Weigh In On Murphy Oil

Several hedge funds and other institutional investors have recently modified their holdings of MUR. International Assets Investment Management LLC increased its stake in shares of Murphy Oil by 3,191.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,627,268 shares of the oil and gas producer’s stock worth $54,904,000 after purchasing an additional 1,577,831 shares in the last quarter. Barclays PLC boosted its holdings in Murphy Oil by 399.4% in the 3rd quarter. Barclays PLC now owns 1,012,944 shares of the oil and gas producer’s stock worth $34,177,000 after buying an additional 810,104 shares during the period. Wedge Capital Management L L P NC boosted its holdings in Murphy Oil by 641.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 672,717 shares of the oil and gas producer’s stock worth $22,697,000 after buying an additional 582,020 shares during the period. JPMorgan Chase & Co. boosted its holdings in Murphy Oil by 26.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,595,260 shares of the oil and gas producer’s stock worth $53,824,000 after buying an additional 336,372 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Murphy Oil by 92.1% in the 2nd quarter. Squarepoint Ops LLC now owns 687,254 shares of the oil and gas producer’s stock worth $28,342,000 after buying an additional 329,521 shares during the period. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

About Murphy Oil

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.