Inside Murphy Oil’s Upcoming Third Quarter Earnings Release

S&P 500 (NYSE:SPY) component Murphy Oil Corp (NYSE:MUR) will unveil its latest earnings on Wednesday, November 2, 2011. Murphy Oil is an oil and gas exploration and production company with refining and marketing operations in the U.S. and the United Kingdom.

Murphy Oil Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.13 per share, a rise of 7.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.36. Between one and three months ago, the average estimate moved down. It also has dropped from $1.15 during the last month. Analysts are projecting profit to rise by 32.9% versus last year to $5.49.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported profit of $1.60 per share against a mean estimate of $1.66. Two quarters ago, it beat expectations by 38 cents with net income of $1.38.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: Analysts are projecting a rise of 24.3% in revenue from the year-earlier quarter to $7.53 billion.

Analyst Ratings: Analysts seem relatively indifferent about Murphy Oil with seven of 12 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 14.4% to $311.6 million ($1.60 a share) from $272.3 million ($1.41 a share) the year earlier, but fell short analyst expectations. Revenue rose 55.4% to $8.69 billion from $5.59 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 31.2%, with the biggest boost coming in the most recent quarter when revenue rose 55.4% from the year earlier quarter.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 14.3%. The quarter with the biggest boost was the first quarter, which saw an 80.6% surge.

Competitors to Watch: Marathon Oil Corporation (NYSE:MRO), Western Refining, Inc. (NYSE:WNR), Sunoco, Inc. (NYSE:SUN), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Valero Energy Corporation (NYSE:VLO), Tesoro Corporation (NYSE:TSO), and Hess Corp. (NYSE:HES).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen $13.37 (29.5%) from $45.30 to $58.67. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 5, 2011 when shares rose for six-straight days, rising 6.6% (+$4.10) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 21.4% (-$13.66) over that span. Shares are down $14.88 (-20.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.