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Murphy Oil Corporation

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Murphy Oil’s third-quarter loss was narrower than the Zacks Consensus Estimate while total revenue beat the same 4.8%. Murphy Oil’s systematic capital investments and cost savings initiatives pave the way for the company’s long-term growth. Its entry into the Eagle Ford shale has been successful and production from the region is steadily going up. Steady production from its balanced global portfolio is enabling the company to maintain its production level despite a substantial reduction in capital expenditure for the year. The company is also working to strengthen its balance sheet and has ample liquidity to meet its current debt obligation. However, stringent regulations, volatile commodity prices and a highly competitive industry are headwinds. Operational risks and foreign currency translation issues also pose risks to the company.

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