Murphy Oil Corp reports results for the quarter ended in December - Earnings Summary

Murphy Oil

25/01/2024 14:31

* Murphy Oil Corp  MUR.N  reported quarterly adjusted
earnings of
90 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.10.  The mean expectation of seventeen analysts for the
quarter was for earnings of 99 cents per share. Wall Street
expected results to range from 70 cents to $1.45 per share.
    * Revenue fell 14.6% to $842.27 million from a year ago;
analysts
expected $855.99 million. 
    * Murphy Oil Corp's reported EPS for the quarter was 75
cents​.
    * The company reported quarterly net income of $116.29
million.
    * Murphy Oil Corp shares had fallen by 10.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 39%
in the last three months.​ 
    * In the last 30 days, twelve analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Murphy Oil Corp
is $46.00 
This summary was machine generated from LSEG data January 25 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.99           0.90           Missed
 Sep. 30 2023      1.44           1.59           Beat
 Jun. 30 2023      0.78           0.79           Beat
 Mar. 31 2023      0.98           1.24           Beat