Murphy Oil (MUR) Expected to Announce Earnings on Thursday

Murphy Oil (NYSE:MUR) will likely be posting its quarterly earnings results 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 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 business had revenue of $758.33 million for the quarter, compared to analysts’ expectations of $759.74 million. During the same quarter last year, the company posted $1.59 earnings per share. The business’s quarterly 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 Price Performance

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

Analyst Ratings Changes

A number of equities analysts have issued reports on MUR shares. Truist Financial boosted their target price on shares of Murphy Oil from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, January 13th. UBS Group cut their price objective on Murphy Oil from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Mizuho reduced their price objective on shares of Murphy Oil from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Morgan Stanley restated an “underweight” rating and issued a $37.00 price objective on shares of Murphy Oil in a research note on Wednesday, January 22nd. Finally, KeyCorp reduced their price objective on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Murphy Oil currently has a consensus 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.