Q2 Earnings Forecast for Murphy Oil Issued By Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Equities researchers at Zacks Research lifted their Q2 2026 EPS estimates for shares of Murphy Oil in a research note issued on Wednesday, July 22nd. Zacks Research analyst Team now forecasts that the oil and gas producer will earn $0.98 per share for the quarter, up from their prior forecast of $0.80. The consensus estimate for Murphy Oil’s current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Murphy Oil’s FY2026 earnings at $2.85 EPS and Q1 2028 earnings at $0.77 EPS.

A number of other research firms also recently weighed in on MUR. Mizuho upped their target price on Murphy Oil from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Wells Fargo & Company boosted their price objective on Murphy Oil from $32.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 26th. Morgan Stanley cut their price objective on Murphy Oil from $37.00 to $35.00 and set an “underweight” rating for the company in a report on Monday, June 29th. KeyCorp raised Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 target price for the company in a research note on Thursday, June 4th. Finally, Barclays lifted their target price on Murphy Oil from $36.00 to $43.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Murphy Oil currently has a consensus rating of “Hold” and an average price target of $38.33.

Murphy Oil Price Performance

NYSE MUR opened at $39.38 on Friday. Murphy Oil has a 12 month low of $21.86 and a 12 month high of $43.34. The firm has a market capitalization of $5.65 billion, a PE ratio of 66.75 and a beta of 0.52. The company’s 50 day simple moving average is $36.34 and its 200 day simple moving average is $35.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.77.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $732.35 million during the quarter, compared to analyst estimates of $702.96 million. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS.

Institutional Investors Weigh In On Murphy Oil

A number of institutional investors and hedge funds have recently modified their holdings of MUR. Arrowstreet Capital Limited Partnership boosted its position in shares of Murphy Oil by 105.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,310,884 shares of the oil and gas producer’s stock valued at $136,574,000 after purchasing an additional 1,700,498 shares during the period. SIR Capital Management L.P. acquired a new stake in shares of Murphy Oil in the third quarter worth about $30,896,000. Freestone Grove Partners LP bought a new stake in shares of Murphy Oil during the 3rd quarter worth about $21,096,000. Bank of America Corp DE boosted its stake in shares of Murphy Oil by 33.3% during the 3rd quarter. Bank of America Corp DE now owns 2,056,427 shares of the oil and gas producer’s stock worth $58,423,000 after acquiring an additional 514,127 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Murphy Oil by 49.9% during the 2nd quarter. First Trust Advisors LP now owns 946,728 shares of the oil and gas producer’s stock valued at $21,301,000 after acquiring an additional 315,199 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

About Murphy Oil

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.