Murphy Oil Corporation (MUR) - NYSE
  • Feb. 9, 2015, 5:58 PM
    • Some oilfield operators have consistently shown an ability to increase production per well, so the decrease in rig count does not proportionally correlate to a change in production, says NavPort's Eric Foster, who has collated oil well and rig data.
    • In a case study focusing on horizontal shale wells in the Eagle Ford basin in Texas, NavPort found that Pioneer Natural Resources (NYSE:PXD) was easily the most efficient fracker last year, with average boe per well during the first 180 days of production of ~142K barrels; ConocoPhillips (NYSE:COP) and Marathon Oil (NYSE:MRO) were the other two companies with 100K-plus boe/well.
    • Murphy Oil (NYSE:MUR) showed the greatest efficiency improvement during 2014 among the top 10 Eagle Ford basin oil producers; the only producers in the top 10 showing declines in production per well were BHP Billiton (NYSE:BHP) and Rosetta Resources (NASDAQ:ROSE).
    | Feb. 9, 2015, 5:58 PM | 3 Comments
  • Jan. 28, 2015, 5:24 PM
    • Murphy Oil (NYSE:MUR): Q4 EPS of $0.39 beats by $0.08.
    • Revenue of $1.41B (+4.4% Y/Y) beats by $180M.
    | Jan. 28, 2015, 5:24 PM
  • Jan. 27, 2015, 5:35 PM
  • Jan. 27, 2015, 12:58 PM
    • Marathon Oil (MRO -1.3%), Cobalt International Energy (CIE -0.3%) and RSP Permian (RSPP +0.8%) are downgraded to Neutral from Buy at UBS, as the firm cuts its 2015 Brent/WTI crude forecasts to a respective $52.50/bbl and $49/bbl, and lowers 2016 Brent/WTI crude estimates to $67.50 and $62.50.
    • UBS also is cautious on several energy names with large free cash flow deficits, slowing growth profiles and rich relative valuations: COP, DVN, MUR, UPL, RRC, DNR, MHR.
    • The firm's top Buys are APC, CHK and EOG.
    | Jan. 27, 2015, 12:58 PM | 5 Comments
  • Jan. 23, 2015, 9:45 AM
    • Exxon Mobil (XOM -1.3%) opens lower after Credit Suisse downgrades shares to Underperform from Neutral and cuts its stock price target to $82 from $90, writing that major oil companies are entering a period of "less production, more debt and lower upstream cash margins than they were projected to earn six months ago."
    • The firm lowers its 2015 EPS estimates for XOM to $2.82 from $5.04, and its 2016 EPS estimates to $5.42 from $6.27.
    • Credit Suisse also downgrades several other major oil names, including Chevron (CVX -1.2%), Hess (HES -1.3%), Noble Energy (NBL -1.2%) and Murphy Oil (MUR -1%).
    | Jan. 23, 2015, 9:45 AM | 10 Comments
  • Jan. 21, 2015, 3:42 PM
    • Exxon Mobil (XOM +0.8%) is rising after Wells Fargo upgrades shares to Outperform from Market Perform and lifts its valuation range to $96-$100 from a prior $88-$96.
    • However, Wells cuts its 2015 and 2016 earnings estimates on XOM: For 2015, the firm sees EPS of $3.77 from its earlier outlook for $6.26, and it cuts its 2016 EPS estimate to $5.63 from $7.66.
    • At the same time, the firm downgrades Chevron (CVX +1.5%) and Murphy Oil (MUR +1.2%) to Market Perform from Outperform with respective stock price targets of $108-$116 from $121-$132 and $46-$50 from $59-$63.
    • Wells cuts its EPS estimates for CVX to $4.54 from $9.20 for 2015 and to $7.75 from $11.04 for 2016.
    | Jan. 21, 2015, 3:42 PM | 22 Comments
  • Dec. 5, 2014, 5:38 PM
    | Dec. 5, 2014, 5:38 PM | 19 Comments
  • Dec. 3, 2014, 11:32 AM
    • The energy sector (XLE +1.5%) continues its momentum from yesterday, leading the way again as the best performing sector in early trading with crude oil rising 1.2% so far today and reports that U.S. well permits fell 40% last month.
    • Top performers include Clayton Williams (CWEI +7.7%), Transocean Partners (RIGP +10.6%), Gaslog (GLOG +13.8%) and Energy XXI (EXXI +15.7%).
    • Other leading energy names are showing stronger recoveries as they clear last Friday's bearish gap zone: XOM +0.2%, CVX +0.4%, COP +2.5%, OXY +2.5%, DVN +2.9%, EOG +2.5%, HES +2.2%, MUR +1.5%, NBL +2.3%, PXD +4.2%, SU +3%, CNQ +1.9%.
    • Some analysts warn that the worst may not be over, however, as much of the advance is being driven by investors repurchasing ETFs they used to make short bets; investors also could opt to sell oil shares at a loss in coming weeks to reduce tax burdens.
    | Dec. 3, 2014, 11:32 AM | 22 Comments
  • Nov. 27, 2014, 5:11 AM
    | Nov. 27, 2014, 5:11 AM
  • Oct. 29, 2014, 5:55 PM
    • Murphy Oil (NYSE:MUR): Q3 EPS of $1.15 beats by $0.16.
    • Revenue of $1.43B (+0.7% Y/Y) beats by $20M.
    • Shares -0.3% AH.
    | Oct. 29, 2014, 5:55 PM
  • Oct. 9, 2014, 3:25 PM
    • Crushed by relentless anxiety about oversupply and weakening global demand, Nymex crude oil futures closed down $1.54 at $85.76/bbl, their lowest close since Dec. 2012, while Brent crude fell below $90/bbl for the first time in more than two years.
    • Including today's losses, WTI crude is down 6.2% since the start of the month and Brent has surrendered ~5%.
    • In the face of surging output, a move in WTI below its 10-year average at $82 is not out of the realm of possibility, Brown Brothers Harriman says, adding that "a break of $73/barrel could send WTI toward $64, which corresponds with the 2010 low."
    • Among big oil names so far today: APC -6.3%, LINE -4.6%, EPD -3.8%, DVN -3.8%, MRO -3.6%, HES -3.8%, KMI -3.7%, TOT -3.5%, STO -3.3%, RDS.A -3.1%, OXY -3%, KMP -3%, XOM -2.6%, COP -2.6%, MUR -2.6%, CVX -2.5%, BP -2.4%.
    • ETFs: USO, XLE, OIL, UCO, ERX, VDE, OIH, SCO, ERY, XOP, DIG, BNO, DTO, DBO, DUG, IYE, XES, IEO, CRUD, IEZ, PXE, USL, UWTI, PXJ, FENY, DNO, DWTI, RYE, FXN, SZO, OLO, DDG, OLEM, TWTI
    | Oct. 9, 2014, 3:25 PM | 38 Comments
  • Oct. 8, 2014, 7:42 AM
    • Royal Dutch Shell (RDS.A, RDS.B) says it has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deepwater projects.
    • Shell expects the Gumusut-Kakap platform to reach annual peak oil production of ~135K bbl/day when fully ramped up.
    • The project is a joint venture between operator Shell with a 33% stake, ConocoPhillips (NYSE:COP) with 33%, Malaysia's state-run Petronas with 20%, and Murphy Oil (NYSE:MUR) with 14%.
    | Oct. 8, 2014, 7:42 AM | 4 Comments
  • Sep. 30, 2014, 10:01 AM
    • Murphy Oil (MUR +1.8%) says it is selling 30% of its oil and gas assets in Malaysia for $2B in cash to Indonesian state oil company Pertamina.
    • MUR will remain operator, and says it will continue to execute its development plans as well as grow through future exploration in both deep-water and shallow-water Malaysia.
    • Earlier reports had said MUR, which has interests in Malaysia, Vietnam, Indonesia, Brunei and Australia, was seeking buyers for its Malaysian assets.
    | Sep. 30, 2014, 10:01 AM | 3 Comments
  • Aug. 21, 2014, 7:13 AM
    • Petrovietnam has entered talks with banks to secure financing for a seven-year loan of up to $1.8B for its bid to buy a stake in Murphy Oil's (NYSE:MUR) Malaysian oil and gas assets.
    • The $1.8B offer tops a $1.5B bid previously made by India's Oil & Natural Gas and Oil India. Mitsubishi (OTCPK:MSBHY) is also bidding on the assets.
    | Aug. 21, 2014, 7:13 AM
  • Jul. 30, 2014, 7:27 PM
    • Murphy Oil's (NYSE:MUR) Q2 earnings from continuing operations fell 45% Y/Y and missed Wall Street estimates, as costs surged.
    • MUR cites higher exploration expenses, higher extraction costs in Malaysia associated with several new field start-ups, lower realized oil and natural gas sales prices for Sarawak production, unfavorable effects in the U.S. from commodity contracts, and higher financing costs.
    • Q2 production averaged 210,191 boe/day, below company guidance of 217K, primarily due to the global offshore business in Malaysia with lower oil and gas volumes related to a well operational delay on Kikeh and continued unplanned downtime at a third party methanol plant that processes Kikeh associated gas.
    • Lowers FY 2014 production guidance to 220K-225K boe/day from 225K-230K, primarily reflecting reductions at two properties and revisions for further production risks.
    | Jul. 30, 2014, 7:27 PM
  • Jul. 30, 2014, 6:01 PM
    • Murphy Oil (NYSE:MUR): Q2 EPS of $0.90 misses by $0.32.
    • Revenue of $1.35B (+1.5% Y/Y) misses by $70M.
    | Jul. 30, 2014, 6:01 PM
Company Description
Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and gas. It operates through the following geographical segments: United States, Canada, Malaysia, and Republic of the Congo. Its products include oil and gas liquids, natural gas, and synthetic oil.... More
Industry: Oil & Gas Refining & Marketing
Country: United States