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Murphy Oil Corp Issues Q1 2013 Production Guidance; Issues Q1 2013 EPS Guidance Below Analysts' Estimates

Wednesday, 30 Jan 2013 04:55pm EST 

Murphy Oil Corp announced that for the first quarter of 2013, it anticipate total worldwide production volumes of 200,000 barrels of oil equivalent per day. Sales volumes of oil and natural gas are projected to average 202,000 barrels of oil equivalent per day during the quarter and expects income from continuing operations to range between $0.55 and $0.90 per diluted share. The first quarter estimate includes projected exploration expense of between $70 million and $140 million, and a loss from the Company's downstream businesses of approximately $10 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.30 for the first quarter of 2013. 

Company Quote

1.66 +3.21%
3:48pm EDT