Murphy Oil shares plummeted 7% ($5.70) Friday to $75.45 after the company issued a profit warning. Murphy was among Wall Street’s 10 biggest losers, while most other energy stocks showed small losses or gains. The El Dorado, AR-based company said after the market closed on Thursday that third-quarter earnings will fall short of analysts’ expectations of $1.12 and would probably be between $0.80 to $1 per share.

The setback reflects a decline in “downstream margins, lower realized North American natural gas prices, increased seismic survey costs in Malaysia estimated to be $15.3 million and dry hole costs related to the abandoned Musquodoboit E-23 well on the Scotian Shelf,” Murphy said.

Murphy’s stock has been one of the top performers among integrated oil companies, rising about 18% from July 18 to Aug. 30, compared with a gain of less than 1% for the Standard & Poor’s oil index. In a research note issued on Friday, Frost Securities said it was maintaining a “buy” rating on Murphy and a 12-month share price target of $100.

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