Capital One Financial Estimates Murphy Oil FY2024 Earnings

Murphy Oil Co. (NYSE:MUR) – Research analysts at Capital One Financial increased their FY2024 earnings estimates for shares of Murphy Oil in a report released on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $3.21 for the year, up from their prior estimate of $3.19. The consensus estimate for Murphy Oil’s current full-year earnings is $3.15 per share. Capital One Financial also issued estimates for Murphy Oil’s Q4 2024 earnings at $0.82 EPS, Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $1.21 EPS, FY2025 earnings at $4.60 EPS and FY2026 earnings at $5.34 EPS.

MUR has been the topic of a number of other reports. UBS Group cut their target price on Murphy Oil from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Morgan Stanley cut their target price on shares of Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Mizuho cut 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. Piper Sandler lowered their price target on Murphy Oil from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Truist Financial dropped their target price on shares of Murphy Oil from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Murphy Oil presently has a consensus rating of “Hold” and an average price target of $39.58.

Murphy Oil Stock Up 3.5 %

Shares of NYSE MUR opened at $32.75 on Friday. The firm 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 1 year low of $27.75 and a 1 year high of $49.14. 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’s 50-day simple moving average is $31.26 and its 200-day simple moving average is $35.00.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $759.74 million. During the same quarter in the prior year, the business earned $1.59 EPS. The company’s revenue for the quarter was down 21.0% on a year-over-year basis.

Institutional Trading of Murphy Oil

Several hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in shares of Murphy Oil by 266.8% during the third quarter. Covestor Ltd now owns 741 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 539 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Murphy Oil in the 3rd quarter worth $27,000. Compass Wealth Management LLC acquired a new stake in Murphy Oil in the 3rd quarter valued at about $42,000. Bruce G. Allen Investments LLC lifted its stake in Murphy Oil by 106.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 758 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of Murphy Oil by 1,434.5% in the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock valued at $53,000 after buying an additional 1,205 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

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.