Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Murphy Oil
So what: Despite a 12% jump in revenue, Murphy's fourth-quarter profit fell 45% to $0.90 per share, versus the analyst consensus of $0.92 per share. Bad weather at Murphy's Malaysian offshore field hurt crude oil production in the later part of 2010, while a one-time royalty payment helped boost its year-ago results.
Now what: I'd be cautious about pouncing on Murphy's plunging shares. Management also forecast a particularly wide profit range for the current quarter of $0.55-$0.95 per share, which was substantially below the average analyst estimate of $1.47 per share. Currently, integrated energy gorillas like ExxonMobil
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Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Chevron is a Motley Fool Income Investor recommendation. The Fool owns shares of ExxonMobil. Try any of our Foolish newsletter services free for 30 days.
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