Earnings Reports - Murphy Oil

LONDON, February 23, 2015 /PRNewswire/ --

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Investor-Edge.com has issued free earnings report on Murphy Oil Corp. (NYSE: MUR). On January 28, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Murphy%20Oil&d=23-Feb-2015&s=MUR to read our free earnings review on Murphy Oil Corporation (Murphy Oil). For Q4 FY14 and full-year FY14, the company's net income was 375.24 million, or $2.10 per diluted share, and $905.61 million, or $5.03 per diluted share, respectively. President and CEO of Murphy Oil, Roger W. Jenkins, stated that the company continued to make progress in portfolio optimization in 2014. He also expressed his pleasure as the company reached closure on the first phase of the sell-down of its Malaysia assets. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Murphy%20Oil&d=23-Feb-2015&s=MUR

Earnings Overview 

During Q4 FY14, Murphy Oil's revenues were $1.41 billion compared to $1.35 billion in Q4 FY13. The company's Q4 FY14 revenues outperformed Bloomberg analysts' forecast of $1.18 billion. In Q4 FY14, the company reported a record total net hydrocarbons production of 258,868 barrels of oil equivalent per day (boepd) compared to 206,255 boepd in Q4 FY13. Free research on MUR can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Murphy%20Oil&d=23-Feb-2015&s=MUR

In Q4 FY14, Murphy Oil's net income improved by $299.82 million, or $1.70 per diluted share, from $75.42 million, or $0.40 per diluted share, in Q4 FY13. Analysts at Bloomberg had expected net income of $33.35 million, or $0.17 per diluted share. Moreover, the company's income from continuing operations in Q4 FY14 of $441.96 million, or $2.48 per diluted share, compared to $180.49 million, or $0.96 per diluted share, in Q4 FY13.

During FY14, Murphy Oil's revenues rose to $5.48 billion from $5.39 billion in FY13. The company's FY14 revenues outperformed Bloomberg analysts' forecast of $5.24 billion. For FY14, Murphy Oil's reported record total net hydrocarbons production of 225,973 boepd, up 10% from 205,719 boepd in FY13. Sign up and read the free analyst's notes on MUR at:

http://get.Investor-Edge.com/pdf/?c=Murphy%20Oil&d=23-Feb-2015&s=MUR

For FY14, Murphy Oil's net income fell by $217.86 million, or $0.91 per diluted share, from $1.12 billion, or $5.94 per diluted share, in FY13. Analysts at Bloomberg had expected net income of $637.50 million, or $3.52 per diluted share. Furthermore, Murphy Oil's income from continuing operations for FY14 came in at $1.02 billion, or $5.69 per diluted share, compared to $888.14 million, or $4.69 per diluted share, in FY13.

As of December 31, 2014, Murphy Oil had net debt to total capitalization ratio of 13.5%, including $1.65 billion of cash and invested cash located across the business. In FY14, the company repurchased $375 million of the common stock and is authorized to repurchase an additional $500 million share. The company increased the regular dividend by 12% to $1.40 per share in August 2014.

On December 18, 2014, Murphy Oil closed 20% stake sale in its Malaysian business and was scheduled to close the remaining 10% portion of the sale by the end of January 2015. Mr. Jenkins stated the recent collapse in commodity prices is a concern for the company's business and industry. Murphy Oil's balance sheet and cash position post the Malaysia sell down positions the company to manage the current lower price environment, he added.

In its guidance for Q1 FY15, the company expects total net production of 221,000 boepd and also expects total net production in the range of 195,000 to 207,000 boepd in FY15. Visit Investor-Edge and access the latest research on MUR at:

http://get.Investor-Edge.com/pdf/?c=Murphy%20Oil&d=23-Feb-2015&s=MUR

Stock Performance 

On the day following the earnings release, January 29, 2015, Murphy Oil's stock edged 0.65% higher to end the session at $43.68. Since then, the stock has mostly witnessed a positive trend. On the last close, Friday, February 20, 2015, the company's shares finished 0.46% higher at $50.27, after vacillating between $49.69 and $50.51. A total of 1.36 million shares were traded which was below its three months average volume of 2.16 million shares. Over the previous three months and over the past one year, the company's shares have lost 7.05% and 12.83%, respectively. However, the stock has gained 4.66% in the last one month. Shares in Murphy Oil are trading above their 50-day moving average of $48.30. Furthermore, the stock traded at a PE ratio of 10.84.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 16 corporate insider transactions done by 13 individuals. Between February 03, 2015 and February 12, 2015, a total of 78,180 shares have been disposed at an average price of $49.68 per share and for a total value of $3.88 million. The following are a few of the aforementioned transactions: on February 03, 2015, Roger W. Jenkins sold 23,176 shares, and Kevin G. Fitzgerald, Executive Vice President and Chief Financial Officer at Murphy Oil, disposed 12,583 shares at a price of $49.65 per share. On the same day, Ted E. Botner, Corporate Secretary at Murphy Oil, sold 929 shares at a price of $49.65 per share. On February 12, 2015, Ted E. Botner bought 2,499 shares worth $127,174 at a price of $50.89 per share. Complimentary in-depth research on MUR is available at:

http://get.Investor-Edge.com/pdf/?c=Murphy%20Oil&d=23-Feb-2015&s=MUR

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