Murphy Oil Corporation reports results for the quarter ended September 30 - Earnings Summary

• Murphy Oil Corporation MUR.N reported quarterly adjusted earnings of $1.08​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 76 cents per share. Wall Street expected results to range from -2 cents to $1.04 per share.

• Revenue rose 17.8% to $849.18 million from a year ago; analysts expected $779.18 million.

• Murphy Oil Corporation's reported EPS for the quarter was $1.17​.

• The company reported quarterly net income of $171.12 million.

• Murphy Oil Corporation shares had risen by 6.6% this quarter and gained 26.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 18.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 12 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

• Wall Street's median 12-month price target for Murphy Oil Corporation is $43.00, about 16.4% above its last closing price of $35.94

This summary was machine generated from LSEG data November 5 at 03:20 a.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)