Murphy Oil Increases Sales but Misses Estimates on Earnings
Murphy Oil (NYS: MUR) reported earnings on Jan. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Murphy Oil beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP earnings per share expanded significantly.
Gross margins improved, operating margins expanded, net margins dropped.
Murphy Oil reported revenue of $6.82 billion. The two analysts polled by S&P Capital IQ anticipated a top line of $6.42 billion. Sales were 4.8% higher than the prior-year quarter's $6.51 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at -$0.59. The 11 earnings estimates compiled by S&P Capital IQ anticipated $1.40 per share on the same basis. GAAP EPS of $2.09 for Q4 were 167% lower than the prior-year quarter's $0.89 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 15.5%, 290 basis points better than the prior-year quarter. Operating margin was 7.0%, 190 basis points better than the prior-year quarter. Net margin was -1.7%, 440 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $7.05 billion. On the bottom line, the average EPS estimate is $1.40.
Next year's average estimate for revenue is $27.42 billion.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 502 members out of 516 rating the stock outperform, and 14 members rating it underperform. Among 143 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give Murphy Oil a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Murphy Oil is outperform, with an average price target of $65.92.
Is Murphy Oil the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Murphy Oil to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.