Murphy Oil Corporation (NYSE:MUR) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MUR to report 3Q20 loss of $ 0.17 per share from revenue of $ 473.19 million.
For the full year, analysts anticipate top line of $ 2228.99 million, while looking forward to loss of $ 1.04 per share bottom line.
Previous Quarter Performance
Murphy Oil Corporation reported loss for the second quarter of $ 0.71 per share, from the revenue of $ 211.54 million. The quarterly revenues reduced 70.17 percent compared with the same quarter last year. Wall street analysts are predicting, MUR to report 2Q20 loss of $ 0.94 per share from revenue of $ 395.43 million. The bottom line results beat street analysts by $ 0.23 or 24.47 percent, at the same time, top line results fell short of analysts by $ 183.89 million or 46.5 percent.
Stock Performance
Shares of Murphy Oil Corporation traded low $ 0.00 or 0.00 percent on Wednesday, reaching $ 7.69 with volume of 5.72 million shares. Murphy Oil Corporation has traded high as $ 7.81 and has cracked $ 7.31 on the downward trend
The closing price of $ 7.69, representing a 70.89 % increase from the 52 week low of $ 4.50 and a 72.65 % decrease over the 52 week high of $ 28.12.
The company has a market capital of $ 1.18 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 24th September 2020, downgraded by Scotiabank to Sector Underperform from Sector Perform rating.
- On 14th September 2020, upgraded by MKM Partners to Buy from Neutral rating, with $ 14.00 target price.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.125 per share to holders of record as of the close of business on August 17, 2020, with payment date of September 1, 2020 and ex-dividend date on August 14, 2020.
Conference Call
Murphy Oil Corporation will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.murphyoilcorp.com
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.
