Murphy Oil (MUR) Projected to Post Earnings on Thursday

Murphy Oil (NYSE:MUR - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Murphy Oil to post earnings of $0.71 per share and revenue of $751,183.57 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The firm had revenue of $758.33 million during the quarter, compared to analyst estimates of $759.74 million. During the same period last year, the business earned $1.59 EPS. The firm's revenue was down 21.0% compared to the same quarter last year. 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 Stock Down 1.5 %

NYSE:MUR traded down $0.47 during trading hours on Thursday, hitting $30.39. The stock had a trading volume of 2,047,969 shares, compared to its average volume of 2,134,803. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24. Murphy Oil has a 1-year low of $27.75 and a 1-year high of $49.14. The business has a 50 day simple moving average of $31.25 and a two-hundred day simple moving average of $34.41. The company has a market cap of $4.43 billion, a PE ratio of 9.80 and a beta of 2.17.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MUR shares. UBS Group decreased their price target on shares of Murphy Oil from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Barclays decreased their price target on shares of 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. Morgan Stanley reissued an "underweight" rating and set a $37.00 price target on shares of Murphy Oil in a research report on Wednesday. Truist Financial raised their price target on shares of Murphy Oil from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, Mizuho reduced their price objective on Murphy Oil from $50.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.