Murphy Oil (MUR) Set to Announce Quarterly Earnings on Thursday

Murphy Oil (NYSE:MURGet Rating) is set to announce its earnings results before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Murphy Oil (NYSE:MURGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The oil and gas producer reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.28. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $930.51 million. Murphy Oil had a net margin of 25.27% and a return on equity of 17.20%. On average, analysts expect Murphy Oil to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Murphy Oil Stock Performance

Shares of NYSE MUR opened at $42.76 on Wednesday. The firm has a fifty day moving average price of $43.48 and a 200-day moving average price of $40.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.74. The stock has a market cap of $6.65 billion, a PE ratio of 7.20 and a beta of 2.41. Murphy Oil has a 1 year low of $25.97 and a 1 year high of $51.28.

Insider Buying and Selling at Murphy Oil

In other Murphy Oil news, VP Paul D. Vaughan sold 1,254 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $46.34, for a total transaction of $58,110.36. Following the completion of the transaction, the vice president now owns 9,910 shares in the company, valued at $459,229.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Thomas J. Mireles sold 15,000 shares of Murphy Oil stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $49.06, for a total value of $735,900.00. Following the transaction, the chief financial officer now owns 39,894 shares of the company’s stock, valued at approximately $1,957,199.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul D. Vaughan sold 1,254 shares of Murphy Oil stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $46.34, for a total transaction of $58,110.36. Following the completion of the transaction, the vice president now directly owns 9,910 shares in the company, valued at approximately $459,229.40. The disclosure for this sale can be found here. Insiders sold 210,754 shares of company stock worth $10,615,495 over the last 90 days. 6.20% of the stock is owned by insiders.

Institutional Trading of Murphy Oil

Several institutional investors and hedge funds have recently bought and sold shares of MUR. Canada Pension Plan Investment Board purchased a new position in shares of Murphy Oil during the 1st quarter valued at approximately $97,000. Cresset Asset Management LLC acquired a new position in shares of Murphy Oil during the 1st quarter valued at about $254,000. Centiva Capital LP acquired a new position in shares of Murphy Oil during the 2nd quarter valued at about $260,000. Virtu Financial LLC acquired a new position in shares of Murphy Oil during the 1st quarter valued at about $310,000. Finally, Captrust Financial Advisors lifted its position in Murphy Oil by 20.5% in the second quarter. Captrust Financial Advisors now owns 10,446 shares of the oil and gas producer’s stock valued at $315,000 after buying an additional 1,774 shares during the last quarter. 77.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MUR. Jefferies Financial Group began coverage on shares of Murphy Oil in a research note on Wednesday, October 19th. They issued a “hold” rating and a $46.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Murphy Oil from $48.00 to $44.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 10th. Morgan Stanley dropped their target price on shares of Murphy Oil from $47.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday. Mizuho restated a “buy” rating and set a $51.00 target price (down previously from $53.00) on shares of Murphy Oil in a research report on Tuesday, January 10th. Finally, The Goldman Sachs Group upped their target price on shares of Murphy Oil from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 23rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.67.

About Murphy Oil

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Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural 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.

Further Reading

Earnings History for Murphy Oil (NYSE:MUR)

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