Murphy Oil Corporation Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Murphy Oil Corporation (NYSE:MUR) will unveil its latest earnings on Wednesday, July 27, 2011. Murphy Oil Corporation is an oil and gas exploration and production company with refining and marketing operations in the U.S. and the United Kingdom.

Murphy Oil Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.67 per share, a rise of 18.4% 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 $1.81. Between one and three months ago, the average estimate moved down and dropped from $1.69 during the last month. For the year, analysts are projecting profit of $6.61 per share, a rise of 60% from last year.

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Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported net income of $1.38 per share versus a mean estimate of profit of $1 per share. In the fourth quarter of the last fiscal year, the company missed estimates by 7 cents.

Wall St. Revenue Expectations: On average, analysts predict $8.12 billion in revenue this quarter, a rise of 45.3% from the year ago quarter. Analysts are forecasting total revenue of $29.27 billion for the year, a rise of 25.4% from last year’s revenue of $23.35 billion.

Analyst Ratings: Analysts seem relatively indifferent about Murphy Oil with 10 of 14 analysts surveyed maintaining a hold rating.

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 23.4%, with the biggest boost coming in the most recent quarter when revenue rose 40.5% from the year earlier quarter.

The increase in profit in the first quarter comes after net income fell in the previous quarter. In the first quarter, net income rose 80.6% to $268.9 million. In the fourth quarter of the last fiscal year, net income fell 45.4%.

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 April 26, 2011 to July 21, 2011, the stock price had fallen $6.27 (-8.4%) from $74.46 to $68.19. 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% (+$4.12) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 5.7% (-$3.95) over that span. Shares are down $5.78 (-7.8%) year to date.

(Source: Xignite Financials)

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