Murphy Oil Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Murphy Oil Corp (NYSE:MUR) will unveil its latest earnings on Wednesday, January 25, 2012. 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 $1.42 per share, a rise of 57.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.27. Between one and three months ago, the average estimate moved up. It has dropped from $1.45 during the last month. For the year, analysts are projecting profit of $6.14 per share, a rise of 48.7% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net income of $1.73 per share against a mean estimate of profit of $1.17 per share. In the second quarter, it missed forecasts by 6 cents.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: Analysts are projecting a decline of 1.4% in revenue from the year-earlier quarter to $6.42 billion.

Analyst Ratings: seven out of 13 analysts surveyed (53.8%) have a buy rating on Murphy Oil.. This is below the mean analyst rating of 10 competitors, which average 56.3% buy ratings.

A Look Back: In the third quarter, profit rose more than twofold to $406.1 million ($2.09 a share) from $202.8 million ($1.05 a share) the year earlier, exceeding analyst expectations. Revenue rose 18.8% to $7.21 billion from $6.07 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 31.7%, with the biggest boost coming in the second quarter when revenue rose 55.4% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 14.4% in the second quarter and 80.6% in the first quarter.

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 December 19, 2011 to January 19, 2012, the stock price had risen $9.54 (18.8%) from $50.85 to $60.39. The stock price saw one of its best stretches over the last year between December 19, 2011 and December 27, 2011 when shares rose for six-straight days, rising 11.2% (+$5.68) 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% (-$13.59) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?