June 4, 2018 - 7:00 AM EDT
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Free Post Earnings Research Report: Murphy Oil's EPS Zoomed 182.4%

Stock Monitor: New Concept Energy Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want access to our free earnings report on Murphy Oil Corp. (NYSE: MUR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MUR. The Company reported its financial results on May 02, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The petroleum and natural gas exploration organization surpassed analysts' estimates for revenues and earnings for Q1 FY18. In addition, the Company raised its guidance for the second quarter and full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for New Concept Energy, Inc. (NYSE AMER: GBR), which also belongs to the Basic Materials sector as the Company Murphy Oil. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Murphy Oil most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the quarter ended March 31, 2018, Murphy Oil earned total revenues of $585.6 million compared to $676.6 million in the first quarter of the fiscal year 2017, decreasing 13.6% on a y-o-y basis. The Company's revenue numbers exceeded market expectations of $571.0 million.

The Company's production averaged 167,506 barrels of oil equivalent per day (boe/d) in Q1 FY18 compared to 169,225 boe/d in Q1 FY17. During Q1 FY18, the Company traded 167,152 boe/d compared to 163,972 boe/d in Q1 FY17. Murphy Oil produced 88,533 barrels of oil per day (bbl/d) in the reported quarter versus 95,605 bbl/d in the year ago comparable period.

For the reported quarter, Murphy Oil incurred total costs and expenses of $458.6 million compared to $462.1 million in the year ago corresponding period. The Company posted an operating income from continuing operations of $127.0 million in Q1 FY18 compared to $214.5 million in Q1 FY17.

Murphy Oil's net income advanced 187.8% to $168.3 million in Q1 FY18 compared to $58.5 million in Q1 FY17. For the reported quarter, the Company posted earnings per share (EPS) of $0.96 compared to $0.34 in the same quarter of last year, increasing 182.4% on a y-o-y basis. The Company posted adjusted EPS of $0.23 in Q1 FY18 compared to an adjusted loss of $0.06 in Q1 FY17. The Company's adjusted EPS exceeded market projections $0.22.

Regional Operations Summary

During Q1 FY18, Murphy Oil's North American Onshore segment produced 92 thousand barrels of oil equivalent per day (MBOEPD), with 47% liquids. Murphy Oil's Eagle Ford Shale line averaged production of 43 MBOEPD in Q1 FY18, with 88% liquids.

During the reported quarter, the Company brought six operated wells online, all of which were in the Tilden area in the Lower Eagle Ford Shale, with average initial production rates over 30 days (IP30 rate) exceeding 700 BOEPD. By employing Gen 5.0 completions in the Tilden area, IP30 rates have improved 115% over the past six years.

For the reported quarter, Murphy Oil's Tupper Montney segment's natural gas production averaged 240 million cubic feet per day (MMCFD). The Company's Kaybob Duvernay segment's production increased 92%, averaging near 5,500 BOEPD, with 70% liquids.

During Q1 FY18, Murphy Oil's business produced over 75 MBOEPD, with 72% liquids. The Company's production in Malaysia and Brunei averaged over 51 MBOEPD, with 63% liquids. The region's Block K and Sarawak averaged over 31 thousand barrels of liquids per day, while Sarawak natural gas production averaged 107 MMCFD. The Company's Gulf of Mexico and East Coast Canada averaged 24 MBOEPD, with 91% liquids.

Cash Matters

As of March 31, 2018, Murphy Oil's cash and cash equivalents stood at $938.6 million compared to $875.9 million as of March 31, 2017. The Company had a long-term debt, including capital lease obligations, of $2.90 billion as of March 31, 2018, versus $2.91 billion as of March 31, 2017. During the reported quarter, the Company generated net cash inflow from operating activities of $278.5 million compared to $305.5 million in the same period of the prior fiscal year.


Murphy Oil expects net production to be in the range of 166,000 - 169,000 boe/d for the second quarter of the fiscal year 2018, and production of 167,000 to 170,000 boe/d for the full fiscal year 2018. The Company anticipates total exploration expenses to be $41 million for Q2 FY18. The Company expects capital expenditure to be $1.11 billion for FY18.

Stock Performance Snapshot

June 01, 2018 - At Friday's closing bell, Murphy Oil's stock rose 2.76%, ending the trading session at $31.60.

Volume traded for the day: 2.73 million shares, which was above the 3-month average volume of 2.00 million shares.

Stock performance in the last month – up 5.97%; previous three-month period – up 19.79%; past twelve-month period – up 27.57%; and year-to-date – up 1.77%

After last Friday's close, Murphy Oil's market cap was at $5.32 billion.

The stock has a dividend yield of 3.16%.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry. This sector was up 0.2% at the end of the session.


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Source: ACCESSWIRE Investor Awareness (June 4, 2018 - 7:00 AM EDT)

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