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

Murphy Oil

02/05/2024 21:48

* Murphy Oil Corp  MUR.N  reported quarterly adjusted
earnings of
85 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$1.24.  The mean expectation of eighteen analysts for the
quarter was for earnings of 82 cents per share. Wall Street
expected results to range from 64 cents to 98 cents per share.
    * Revenue fell 5.4% to $794.85 million from a year ago;
analysts
expected $749.53 million. 
    * Murphy Oil Corp's reported EPS for the quarter was 59
cents​.
    * The company reported quarterly net income of $90 million.
    * Murphy Oil Corp shares had fallen by 3.3% this quarter and
gained 3.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is  "hold."

Wall Street's median 12-month price target for Murphy Oil Corp
is $54.00 
This summary was machine generated from LSEG data May 2 at 08:48
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
 Mar. 31 2024      0.82           0.85           Beat
 Dec. 31 2023      0.99           0.90           Missed
 Sep. 30 2023      1.44           1.59           Beat
 Jun. 30 2023      0.78           0.79           Beat