Murphy Oil Corporation (MUR - Free Report) is set to report fourth-quarter and 2018 results on Jan 31. In the last reported quarter, the company posted negative earnings surprise of 2.78%.
Factors to Consider
Murphy Oil expects net production for fourth-quarter 2018 in the range of 167,000-169,000 barrels of oil equivalent per day (boe/d). For 2018, production is estimated in the range of 168,500-170,500 boe/d.
The company apprehends that production in the Gulf of Mexico will be negatively impacted by an active tropical storm and hurricanes. Mechanical issues in the field and some non-operated onshore facilities will lower production in Malaysia. In addition, the scheduled turnaround to non-operated Hibernia Field offshore Canada was delayed and extended into the fourth quarter. All these factors are likely to adversely impact production.
The Zacks Consensus Estimate for fourth-quarter revenues is $683.45 million, reflecting an increase of 26.19% year over year. Also, the consensus estimate for earnings is pegged at 23 cents, which reflects a surge of 187.50 % 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 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 holds a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.
However, we caution against stocks with a Zacks Rank #4 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 industry that have the right combination of elements to post earnings beat this quarter.
CNX Resources Corporation. (CNX - Free Report) has Earnings ESP of +5.26% and a Zacks Rank #3. The company is expected to release fourth-quarter 2018 results on Jan 31.
Cheniere Energy, Inc (LNG - Free Report) has Earnings ESP of +53.85% and a Zacks Rank #3. The company is expected to release fourth-quarter 2018 results on Feb 26.
Chaparral Energy, Inc has Earnings ESP of +11.63% and a Zacks Rank #3. The company is expected to release fourth-quarter 2018 results on Feb 12.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Murphy Oil Corporation (MUR - Free Report) is set to report fourth-quarter and 2018 results on Jan 31. In the last reported quarter, the company posted negative earnings surprise of 2.78%.
Factors to Consider
Murphy Oil expects net production for fourth-quarter 2018 in the range of 167,000-169,000 barrels of oil equivalent per day (boe/d). For 2018, production is estimated in the range of 168,500-170,500 boe/d.
The company apprehends that production in the Gulf of Mexico will be negatively impacted by an active tropical storm and hurricanes. Mechanical issues in the field and some non-operated onshore facilities will lower production in Malaysia. In addition, the scheduled turnaround to non-operated Hibernia Field offshore Canada was delayed and extended into the fourth quarter. All these factors are likely to adversely impact production.
The Zacks Consensus Estimate for fourth-quarter revenues is $683.45 million, reflecting an increase of 26.19% year over year. Also, the consensus estimate for earnings is pegged at 23 cents, which reflects a surge of 187.50 % 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 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 holds a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.
However, we caution against stocks with a Zacks Rank #4 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 industry that have the right combination of elements to post earnings beat this quarter.
CNX Resources Corporation. (CNX - Free Report) has Earnings ESP of +5.26% and a Zacks Rank #3. The company is expected to release fourth-quarter 2018 results on Jan 31.
Cheniere Energy, Inc (LNG - Free Report) has Earnings ESP of +53.85% and a Zacks Rank #3. The company is expected to release fourth-quarter 2018 results on Feb 26.
Chaparral Energy, Inc has Earnings ESP of +11.63% and a Zacks Rank #3. The company is expected to release fourth-quarter 2018 results on Feb 12.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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