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

• 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)