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

Murphy Oil

03/08/2023 14:34

* Murphy Oil Corp  MUR.N  reported quarterly adjusted
earnings of
79 cents​​ per share for the quarter ended in June. The mean
expectation of seventeen analysts for the quarter was
for earnings of 78 cents per share.
    * Revenue fell 26% to $814.59 million from a year ago;
analysts
expected $787.56 million. 
    * Murphy Oil Corp's reported EPS for the quarter was 62
cents​.
    * The mean earnings estimate of analysts had fallen by
about 35.2%
in the last three months.​ 
    * In the last 30 days, twelve analysts negatively revised
earnings
estimates 
    * Murphy Oil Corp shares had risen by 9.2% this quarter and
lost 2.8% so far this year.
    * The company reported quarterly net income of $98.29
million.
    * Wall Street's median 12-month price target for Murphy Oil
Corp
is $46.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.78           0.79           Beat
 Mar. 31 2023      0.98           1.24           Beat
 Dec. 31 2022      1.14           1.10           Missed
 Sep. 30 2022      1.60           1.84           Beat