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Murphy Oil Earnings Preview For Oct, 2013

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Murphy Oil Corporation (MUR)

Background: Murphy Oil Corporation, through its subsidiaries, engages in the exploration and production of oil and gas properties worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids.

Strong third-quarter earnings growth is expected by Wall Street after the market closes on October 30, 2013. The consensus mean is $1.46 a share, a gain of 29 cents (19.9%) from $1.17 during the corresponding quarter last year. The lowest analyst estimate this report is $1.25 per share, and the highest is $1.69 per share.

Murphy distributes $1.25 a year in dividends for a yield of 2%.

Analysts are more or less side stepping this one like a politician dancing the Washington two-step. A hold can mean everything from "I want to rate it a sale, but that would not be good for business", to "I have no clue". 11 out of 16 rate this a hold. 5 recommend this company as a buy and no analysts recommend selling. New investors from a year ago are happy, and smarter than some analysts rating this company a hold. The shares have move higher 14% over the last 52 weeks. Analysts are calling for a price target of $68.42.

The short interest is slightly elevated, granted, when short interest is under 4% I give it little weight towards decision-making. As long as the short interest remains under near this level, I won't give it much thought. Short interest is 3.9%, and if the proportion shorted ascends significantly, I recommend monitoring for a possible exit.
 

 

(MUR)

(BP)

(XOM)

Strong Buy

4

3

4

Moderate Buy

1

1

2

Hold

11

7

16

Avg Analyst Price Target

$68.42

$48.55

$94.68

Revenue

$23.24 billion

$351.20 billion

$440.37 billion

Est Low EPS

1.25

0.86

1.66

Est High EPS

1.69

1.21

2.05

1 Year Stock Price Change

19.36%

4.43%

-2.43%

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Stock Tickers: MUR BP XOM Author Disclosure: n/a
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