Equities research analysts expect Murphy Oil Co. (NYSE:MUR) to announce $598.31 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Murphy Oil’s earnings. The lowest sales estimate is $578.00 million and the highest is $608.50 million. Murphy Oil reported sales of $664.62 million in the same quarter last year, which would suggest a negative year over year growth rate of 10%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Murphy Oil will report full year sales of $598.31 million for the current fiscal year, with estimates ranging from $2.19 billion to $2.70 billion. For the next financial year, analysts anticipate that the business will post sales of $2.43 billion per share, with estimates ranging from $2.21 billion to $2.66 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Murphy Oil.
Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.11. The company had revenue of $541.58 million during the quarter, compared to the consensus estimate of $552.54 million. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.16) earnings per share.
In other Murphy Oil news, insider Eugene T. Coleman sold 33,435 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.88, for a total value of $965,602.80. Following the completion of the sale, the insider now directly owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.89% of the company’s stock.
Hedge funds have recently modified their holdings of the business. NuWave Investment Management LLC bought a new stake in Murphy Oil in the 4th quarter worth about $125,000. Advisor Group Inc. grew its position in Murphy Oil by 8.0% in the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 301 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Murphy Oil in the 4th quarter worth about $197,000. Advisor Partners LLC bought a new stake in Murphy Oil in the 4th quarter worth about $227,000. Finally, Gofen & Glossberg LLC IL bought a new stake in Murphy Oil in the 4th quarter worth about $220,000. 97.78% of the stock is owned by institutional investors and hedge funds.
Murphy Oil (MUR) traded down $0.52 during trading hours on Wednesday, hitting $26.59. 2,031,200 shares of the stock traded hands, compared to its average volume of 2,656,615. The company has a current ratio of 1.64, a quick ratio of 1.60 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4,588.71, a P/E ratio of -14.77 and a beta of 2.25. Murphy Oil has a one year low of $22.21 and a one year high of $35.16.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, February 16th. Murphy Oil’s payout ratio is -55.56%.
About Murphy Oil
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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