Murphy Oil Corp reports results for the quarter ended June 30 - Earnings Summary

• Murphy Oil Corp MUR.N reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 8 cents to 55 cents per share.

• Revenue fell 14.7% to $683.07 million from a year ago; analysts expected $643.78 million.

• Murphy Oil Corp's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of $22.28 million.

• Murphy Oil Corp shares had risen by 6.0% this quarter and lost 21.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 56.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 15 "hold" and 2 "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 Corp is $26.00, about 9.1% above its last closing price of $23.63

This summary was machine generated from LSEG data August 6 at 10:27 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)