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

Murphy Oil

02/11/2023 13:32

* Murphy Oil Corp  MUR.N  reported quarterly adjusted
earnings of
$1.59​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$1.84.  The mean expectation of seventeen analysts for the
quarter was for earnings of $1.44 per share. Wall Street
expected results to range from $1.31  to $1.59 per share.
    * Revenue fell 18.2% to $953.77 million from a year ago;
analysts
expected $915.64 million. 
    * Murphy Oil Corp's reported EPS for the quarter was $1.63​.
    * The company reported quarterly net income of $255.34
million.
    * Murphy Oil Corp shares had fallen by 1.2% this quarter and
gained 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 31.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Murphy Oil
Corp
is $53.00 

This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.14           1.10           Missed