Murphy Oil First Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Murphy Oil Corporation (NYSE:MUR) will unveil its latest earnings on Wednesday, May 2, 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 Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.50 per share, a rise of 8.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.38. Between one and three months ago, the average estimate moved up. It has risen from $1.43 during the last month. For the year, analysts are projecting profit of $6.32 per share, a rise of 10.9% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 56 cents, coming in at net income of $1.31 per share against a mean estimate of profit of $1.41. The company topped expectations in the third quarter of the last fiscal year.

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A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $113.9 million (58 cents a share) from a profit of $174.1 million (89 cents) a year earlier, missing analyst expectations. Revenue rose 4.9% to $6.82 billion from $6.51 billion.

Stock Price Performance: Between February 29, 2012 and April 26, 2012, the stock price had fallen $9.32 (-14.6%), from $63.94 to $54.62. 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, increasing 11.2% (+$5.68) over that span. It saw one of its worst periods between April 2, 2012 and April 11, 2012 when shares fell for seven straight days, dropping 9.1% (-$5.20) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.22 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 40.5% in the first quarter of the last fiscal year, 55.4% in the second quarter of the last fiscal year and 18.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Analyst Ratings: There are mostly holds on the stock with six of 11 analysts surveyed giving that rating.

Wall St. Revenue Expectations: Analysts are projecting a decline of 1.9% in revenue from the year-earlier quarter to $7.21 billion.

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

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