Murphy Oil Earnings Preview

Published on Tuesday, 24 January 2012 13:08 Written by Christian Paolinetti

New York, January 24th (TradersHuddle.com) - Shares of Murphy Oil Corporation (NYSE:MUR) are trading lower by -1.82% ahead of its quarterly earnings release. Murphy Oil, the oil and gas producer and refining company is expected to release its quarterly results on January 25^th.

Wall Street Analysts consensus calls for a profit of $1.39 a share on $6.42 billion revenue.

Murphy Oil estimates have a range of $0.68 a share. The high estimate calls for profit of $1.72 a share and the low estimate is calling for a profit of $1.04 a share, a year ago for the quarter the company reported $0.9 a share.

Murphy Oil Corporation (NYSE:MUR) engages in the exploration and production of oil and gas properties worldwide. It operates in two segments: Refining and marketing and Exploration and production. The Refining and marketing segment consists of refining crude oil and other feedstock into petroleum products such as gasoline and distillates. The Exploration and production segment explores and produces crude oil, natural gas and natural gas liquids. The products are marketed under the brand name of Murphy USA and SPUR.

Other companies on the watch on this earnings event are Western Refining, Inc. NYSE:WNR and Occidental Petroleum Corporation NYSE:OXY.