Scotiabank Comments on Murphy Oil FY2026 Earnings

Murphy Oil Co. (NYSE:MUR - Free Report) - Equities researchers at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Murphy Oil in a 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.

Other equities analysts have also recently issued reports about the stock. KeyCorp cut their target price on shares of Murphy Oil from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Truist Financial decreased their target price 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. Piper Sandler reduced their price objective on Murphy Oil from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered their target price on Murphy Oil from $47.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Finally, The Goldman Sachs Group reduced their price target on shares of Murphy Oil from $44.00 to $39.00 and set a "neutral" rating on the stock in a research report on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.58.

Murphy Oil Price Performance

MUR stock traded up $0.57 during midday trading on Friday, hitting $33.34. The company's stock had a trading volume of 2,500,780 shares, compared to its average volume of 2,062,762. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.24. Murphy Oil has a 12 month low of $27.75 and a 12 month high of $49.14. The company has a 50 day moving average of $31.26 and a two-hundred day moving average of $35.00. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 10.75 and a beta of 2.17.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.02). Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The business had revenue of $758.33 million during the quarter, compared to analysts' expectations of $759.74 million. During the same quarter in the previous year, the company posted $1.59 EPS. The company's quarterly revenue was down 21.0% on a year-over-year basis.

Institutional Investors Weigh In On Murphy Oil

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Murphy Oil by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,254,125 shares of the oil and gas producer's stock valued at $340,400,000 after acquiring an additional 262,256 shares in the last quarter. Geode Capital Management LLC lifted its stake in Murphy Oil by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,548,711 shares of the oil and gas producer's stock valued at $119,755,000 after acquiring an additional 45,432 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in Murphy Oil by 2.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,627,701 shares of the oil and gas producer's stock valued at $88,659,000 after purchasing an additional 58,220 shares during the period. International Assets Investment Management LLC grew its holdings in Murphy Oil by 3,191.6% during the third 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 acquiring an additional 1,577,831 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $53,824,000 after purchasing an additional 336,372 shares during the period. 78.31% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Company Profile

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.