Murphy Oil Corp reports results for the quarter ended in January 1 - Earnings Summary

Murphy Oil

07/11/2024 14:45

* Murphy Oil Corp  MUR.N  reported quarterly adjusted
earnings of
74 cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of
$1.59.  The mean expectation of nineteen analysts for the
quarter was for earnings of 68 cents per share. Wall Street
expected results to range from 52 cents to $1.37 per share.
    * Revenue fell 21% to $753.17 million from a year ago;
analysts
expected $756.82 million. 
    * Murphy Oil Corp's reported EPS for the quarter was 93
cents​.
    * The company reported quarterly net income of $139.09
million.
    * Murphy Oil Corp shares had fallen by 2.7% this quarter and
lost 23.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 43.4%
in the last three months.​ 
    * In the last 30 days, fourteen analysts negatively revised
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Murphy Oil Corp
is 40.00 
This summary was machine generated from LSEG data November 7 at
02:45 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
 Sep. 30 2024      0.68           0.74           Beat
 Jun. 30 2024      0.74           0.81           Beat
 Dec. 31 2023      0.99           0.85           Missed
 Dec. 31 2023      0.99           0.90           Missed