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Murphy Oil (MUR) to Report Q3 Earnings: What's in the Cards?
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Murphy Oil Corporation (MUR - Free Report) is set to report third-quarter 2018 results on Nov 7, after market close. In the last reported quarter, the company pulled off a positive earnings surprise of 2.86%.
Factors to Consider
The company expects third-quarter 2018 production in the range of 166,500-168,500 barrels of oil equivalents per day (boepd), of which 59% will be liquid. Low-cost production from North American onshore operations will continue to boost the company’s performance.
Murphy’s diverse portfolio of high-quality assets and ongoing revival of oil prices will help it generate strong margins.
The Zacks Consensus Estimate for third-quarter revenues is $641 million, reflecting an increase of 28.73% year over year. Also, the consensus estimate for earnings is pegged at 36 cents, which reflects a surge of 1,300.00% year over year.
Earnings Whispers
A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat estimates. However, Murphy Oil does not have the right combination for as elaborated below.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
However, we caution against stocks with a Zacks Rank #4 (Sell) or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
Stocks to Consider
Here are a few players in the same sector that have the right combination of elements to post an earnings beat this quarter.
Denbury Resources Inc has an Earnings ESP of +10.15% and a Zacks Rank #3. It is slated to report third-quarter 2018 results on Nov 6.
Energy Transfer Equity, L.P. (ET - Free Report) has an Earnings ESP of +2.99% and a Zacks Rank #3. It is slated to report third-quarter 2018 results on Nov 6.
Noble Energy Inc. has an Earnings ESP of +6.59% and a Zacks Rank #3. It is slated to report third-quarter 2018 results on Nov 1.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
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Murphy Oil (MUR) to Report Q3 Earnings: What's in the Cards?
Murphy Oil Corporation (MUR - Free Report) is set to report third-quarter 2018 results on Nov 7, after market close. In the last reported quarter, the company pulled off a positive earnings surprise of 2.86%.
Factors to Consider
The company expects third-quarter 2018 production in the range of 166,500-168,500 barrels of oil equivalents per day (boepd), of which 59% will be liquid. Low-cost production from North American onshore operations will continue to boost the company’s performance.
Murphy’s diverse portfolio of high-quality assets and ongoing revival of oil prices will help it generate strong margins.
The Zacks Consensus Estimate for third-quarter revenues is $641 million, reflecting an increase of 28.73% year over year. Also, the consensus estimate for earnings is pegged at 36 cents, which reflects a surge of 1,300.00% year over year.
Earnings Whispers
A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat estimates. However, Murphy Oil does not have the right combination for as elaborated below.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The stock sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Murphy Oil Corporation Price and EPS Surprise
Murphy Oil Corporation Price and EPS Surprise | Murphy Oil Corporation Quote
However, we caution against stocks with a Zacks Rank #4 (Sell) or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing a negative estimate revision momentum.
Stocks to Consider
Here are a few players in the same sector that have the right combination of elements to post an earnings beat this quarter.
Denbury Resources Inc has an Earnings ESP of +10.15% and a Zacks Rank #3. It is slated to report third-quarter 2018 results on Nov 6.
Energy Transfer Equity, L.P. (ET - Free Report) has an Earnings ESP of +2.99% and a Zacks Rank #3. It is slated to report third-quarter 2018 results on Nov 6.
Noble Energy Inc. has an Earnings ESP of +6.59% and a Zacks Rank #3. It is slated to report third-quarter 2018 results on Nov 1.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>