uploads///MUR Q Pre Revenue

Will Analysts’ 2Q16 Revenue Estimates for Murphy Oil Bear Out?

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Aug. 18 2020, Updated 6:29 a.m. ET

Murphy Oil’s 2Q16 revenues estimates

Murphy Oil (MUR) is set to report its 2Q16 earnings on July 27, 2016, after the Market closes. For 2Q16, Wall Street analysts expect Murphy Oil to report revenues of ~$489 million, which is lower by ~34% when compared with 2Q15 revenues of ~$738 million.

However, when compared sequentially with 1Q16, Murphy Oil’s 2Q16 revenues expectations are higher by ~14%.

Due to the steep downward trend in energy prices, upstream companies Energen Corporation (EGN), WPX Energy (WPX), and Southwestern Energy (SWN) are expecting ~48%, ~47%, and ~31% year-over-year declines in their 2Q16 revenues, respectively.

The Energy Select Sector SPDR ETF (XLE) generally invests at least 95% of its total assets in oil and gas companies.

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Murphy Oil’s 2Q16 EPS estimates

For 2Q16, Wall Street analysts expect Murphy Oil to report an adjusted loss of $0.35 per share, which is higher by $0.13 per share when compared with 2Q15 loss of $0.48 per share.

Even when compared sequentially with 1Q16, MUR’s 2Q16 earnings expectations are higher by $0.31 per share.

Murphy Oil’s 2Q16 EBITDA estimates

For 2Q16, Wall Street analysts expect Murphy Oil to report EBITDA[1. earnings before interest, tax, depreciation and amortization] of ~$233 million, which is lower by ~36% when compared with its 2Q15 adjusted EBITDA of ~$364 million.

However, when compared sequentially with 1Q16, MUR’s 2Q16 EBITDA expectations are higher by ~6%.

In this series…

Having analyzed Murphy Oil’s 2Q16 earnings expectations, we will also look at Murphy Oil’s earnings trend, production guidance, what Wall Street analysts are saying about Murphy Oil ahead of its earnings, and how MUR’s stock price reacted to past earnings.

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