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Crude Oil, Natural Gas Prices Weigh on Murphy Oil

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Murphy Oil’s earnings trend

In 1Q16, excluding the one-time items, Murphy Oil (MUR) reported loss of $0.66 per share, $0.05 better than consensus for loss of $0.71 per share. Its revenues fell by ~53% year-over-year to ~$430 million.

As seen in the above chart, Murphy Oil reported much lower EPS (earnings per share) in 2015 due to lower realized crude oil (USO) and natural gas (UNG) prices. In 1Q15, Murphy Oil saw its adjusted earnings turn negative for the first time since 2011.

Since 2013, Murphy Oil has beaten the earnings expectations ~69% of the time.

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Other upstream players

Since 2013, upstream players SM Energy (SM), Pioneer Natural Resources (PXD), and Range Resources (RRC) have beaten earnings expectations ~38%, ~75%, and ~54% of the times, respectively.

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