Analysts forecast that Murphy Oil Co. (NYSE:MUR) will post sales of $606.83 million for the current quarter, Zacks reports. Three analysts have issued estimates for Murphy Oil’s earnings. The highest sales estimate is $742.00 million and the lowest is $528.00 million. Murphy Oil posted sales of $585.61 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, May 2nd.
According to Zacks, analysts expect that Murphy Oil will report full-year sales of $2.63 billion for the current financial year, with estimates ranging from $2.41 billion to $2.84 billion. For the next financial year, analysts anticipate that the business will post sales of $2.84 billion, with estimates ranging from $2.33 billion to $3.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Murphy Oil.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The business had revenue of $692.01 million for the quarter, compared to analyst estimates of $668.85 million. Murphy Oil had a return on equity of 4.51% and a net margin of 15.99%. During the same quarter in the previous year, the company earned $0.08 EPS.
Shares of NYSE:MUR traded down $0.51 during trading on Tuesday, hitting $27.36. 2,398,485 shares of the stock were exchanged, compared to its average volume of 1,819,973. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.94. Murphy Oil has a 12-month low of $21.51 and a 12-month high of $36.53. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 21.71 and a beta of 2.21.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.65%. Murphy Oil’s dividend payout ratio is currently 79.37%.
In other Murphy Oil news, VP John B. Gardner sold 8,364 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.94, for a total value of $242,054.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.46% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. QS Investors LLC increased its holdings in shares of Murphy Oil by 0.9% during the 4th quarter. QS Investors LLC now owns 43,660 shares of the oil and gas producer’s stock worth $1,022,000 after buying an additional 376 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Murphy Oil by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 107,892 shares of the oil and gas producer’s stock worth $2,524,000 after buying an additional 400 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Murphy Oil by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 43,600 shares of the oil and gas producer’s stock worth $1,277,000 after buying an additional 400 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Murphy Oil by 0.5% during the 4th quarter. Commonwealth Bank of Australia now owns 118,902 shares of the oil and gas producer’s stock worth $2,776,000 after buying an additional 600 shares during the last quarter. Finally, Ffcm LLC increased its holdings in shares of Murphy Oil by 3.8% during the 4th quarter. Ffcm LLC now owns 18,876 shares of the oil and gas producer’s stock worth $442,000 after buying an additional 695 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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.
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