Wall Street brokerages predict that Murphy Oil Co. (NYSE:MUR) will post $479.66 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Murphy Oil’s earnings. The lowest sales estimate is $442.71 million and the highest is $515.30 million. Murphy Oil reported sales of $817.08 million during the same quarter last year, which indicates a negative year over year growth rate of 41.3%. The business is expected to issue its next quarterly earnings report on Thursday, October 29th.
On average, analysts expect that Murphy Oil will report full year sales of $2.22 billion for the current year, with estimates ranging from $2.09 billion to $2.38 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.95 billion, with estimates ranging from $1.62 billion to $2.33 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Murphy Oil.
Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, August 6th. The oil and gas producer reported ($0.71) EPS for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.22. Murphy Oil had a net margin of 10.64% and a negative return on equity of 1.36%. The firm had revenue of $211.54 million during the quarter, compared to analyst estimates of $388.56 million. During the same quarter in the previous year, the business earned $0.21 EPS. The business’s quarterly revenue was down 71.6% compared to the same quarter last year.
In related news, Director Walentin Mirosh sold 1,600 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $15.78, for a total value of $25,248.00. Following the completion of the transaction, the director now directly owns 27,190 shares of the company’s stock, valued at approximately $429,058.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.59% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. CWM LLC lifted its position in Murphy Oil by 812.5% during the 2nd quarter. CWM LLC now owns 2,920 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 2,600 shares in the last quarter. Private Advisor Group LLC bought a new stake in Murphy Oil during the 2nd quarter worth about $40,000. Advisors Asset Management Inc. lifted its position in Murphy Oil by 118.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,306 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 1,793 shares in the last quarter. Ellevest Inc. lifted its position in Murphy Oil by 218.5% during the 2nd quarter. Ellevest Inc. now owns 4,975 shares of the oil and gas producer’s stock worth $69,000 after buying an additional 3,413 shares in the last quarter. Finally, AXA bought a new stake in Murphy Oil during the 1st quarter worth about $62,000. 87.94% of the stock is currently owned by hedge funds and other institutional investors.
MUR traded down $0.38 during trading on Tuesday, reaching $8.82. 3,573,752 shares of the company’s stock were exchanged, compared to its average volume of 4,471,979. The company’s fifty day moving average price is $12.34 and its 200-day moving average price is $11.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.14. Murphy Oil has a fifty-two week low of $4.50 and a fifty-two week high of $28.12. The firm has a market capitalization of $1.35 billion, a PE ratio of 5.76 and a beta of 3.24.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date was Friday, August 14th. Murphy Oil’s payout ratio is presently 57.47%.
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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