Murphy Oil Corp expected to post earnings of 78  cents a share - Earnings Preview

Murphy Oil

01/08/2023 19:18

* Murphy Oil Corp  MUR.N   MUR  is expected to show a fall
in
quarterly revenue when it reports  results on August 3. 
    * The Houston Texas-based  company is expected to report  a
28.5% decrease in revenue to $787.563 million from $1.1 billion
a year ago, according to the mean estimate from 11 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Murphy Oil Corp is
for
earnings of 78 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Murphy Oil
Corp
is $46​, above​ its last closing price of $43.27. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for Capital Expenditures of USD320 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.98        0.98       1.24      Beat    26.9
 Dec. 31 2023  1.14        1.14       1.10      Missed  -3.5
 Sep. 30 2022  1.64        1.60       1.84      Beat    15.1​
 Jun. 30 2022  1.54        1.56       1.93      Beat    23.7
 ​​Mar.        0.62        0.58       0.73      Beat    25.6
 31 2022                                                
 Dec. 31 2021  0.45        0.47       0.40      Missed  -14.6​
 Sep. 30 2021  0.13        0.14       0.24      Beat    70
 Jun. 30 2021  0.33        0.33       0.59      Beat    80
 This summary was machine generated August 1 at 18:18 GMT.  All
figures in US dollars  unless otherwise stated