Murphy Oil (MUR) Projected to Post Quarterly Earnings on Thursday

Murphy Oil (NYSE:MUR) will likely be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect Murphy Oil to post earnings of $0.62 per share and revenue of $742.98 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.22% and a net margin of 14.78%. Murphy Oil’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. On average, analysts expect Murphy Oil to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Murphy Oil Trading Down 1.3 %

Shares of Murphy Oil stock opened at $29.18 on Wednesday. Murphy Oil has a 52-week low of $27.75 and a 52-week high of $49.14. The firm has a 50-day moving average of $31.05 and a 200-day moving average of $34.08. The stock has a market cap of $4.26 billion, a PE ratio of 9.41 and a beta of 2.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group cut their target price on Murphy Oil from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Mizuho reduced their price target on Murphy Oil from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Barclays lowered their price objective on Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Truist Financial boosted their price objective on Murphy Oil from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, BMO Capital Markets cut their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Murphy Oil presently has an average rating of “Hold” and an average target price of $39.42.

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.