Murphy Oil (MUR) Stock Forecast, Price Target & Predictions
MUR Stock Forecast
Murphy Oil stock forecast is as follows: an average price target of $46.08 (represents a 39.72% upside from MUR’s last price of $32.98) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
MUR Price Target
The average price target for Murphy Oil (MUR) is $46.08 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $35.00. This represents a potential 39.72% upside from MUR's last price of $32.98.
MUR Analyst Ratings
According to 10 Wall Street analysts, Murphy Oil's rating consensus is 'Buy'. The analyst rating breakdown for MUR stock is 0 'Strong Buy' (0.00%), 5 'Buy' (50.00%), 4 'Hold' (40.00%), 1 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).
Murphy Oil Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 16, 2024 | Tim Rezvan | KeyBanc | $50.00 | $33.11 | 51.01% | 51.61% |
| Oct 15, 2024 | Nitin Kumar | Mizuho Securities | $50.00 | $35.49 | 40.88% | 51.61% |
| Oct 15, 2024 | Mark Lear | Piper Sandler | $43.00 | $35.49 | 21.16% | 30.38% |
| Oct 04, 2024 | Phillip Jungwirth | BMO Capital | $40.00 | $35.61 | 12.33% | 21.29% |
| Jul 22, 2024 | Neal Dingmann | Truist Financial | $55.00 | $40.83 | 34.70% | 66.77% |
| Jul 18, 2024 | Mark Lear | Piper Sandler | $54.00 | $42.07 | 28.36% | 63.74% |
| May 24, 2024 | Devin McDermott | Morgan Stanley | $45.00 | $42.15 | 6.76% | 36.45% |
| Apr 19, 2024 | Mark Lear | Piper Sandler | $55.00 | $45.19 | 21.71% | 66.77% |
| Apr 15, 2024 | Nitin Kumar | Mizuho Securities | $55.00 | $47.04 | 16.92% | 66.77% |
| Apr 11, 2024 | Paul Cheng | Scotiabank | $50.00 | $48.11 | 3.93% | 51.61% |
The latest Murphy Oil stock forecast, released on Oct 16, 2024 by Tim Rezvan from KeyBanc, set a price target of $50.00, which represents a 51.01% increase from the stock price at the time of the forecast ($33.11), and a 51.61% increase from MUR last price ($32.98).
Murphy Oil Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 13 |
| Avg Price Target | - | $45.75 | $51.00 |
| Last Closing Price | $32.98 | $32.98 | $32.98 |
| Upside/Downside | -100.00% | 38.72% | 54.64% |
In the current month, the average price target of Murphy Oil stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Murphy Oil's last price of $32.98. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 04, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jul 18, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jul 17, 2024 | Wolfe Research | Outperform | Peer Perform | Initialise |
| May 24, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Apr 19, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jan 29, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
| Jan 11, 2024 | UBS | Buy | Buy | Hold |
| Jan 11, 2024 | Piper Sandler | Underperform | Underperform | Hold |
Murphy Oil's last stock rating was published by KeyBanc on Oct 16, 2024. The company gave MUR a "Overweight" rating, the same as its previous rate.
Murphy Oil Financial Forecast
Murphy Oil Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $844.20M | $959.64M | $814.59M | $839.97M | $986.12M | $1.17B | $1.20B | $871.37M | $762.31M | $687.55M | $758.83M | $592.53M | $440.08M | $425.32M |
| Avg Forecast | $1.14B | $1.10B | $1.07B | $1.04B | $873.39M | $848.15M | $852.26M | $847.44M | $827.70M | $804.58M | $784.69M | $772.29M | $768.58M | $759.74M | $813.97M | $750.94M | $852.24M | $918.89M | $779.77M | $789.00M | $854.15M | $966.74M | $885.08M | $652.29M | $612.68M | $564.13M | $607.90M | $494.93M | $481.75M | $471.04M |
| High Forecast | $1.24B | $1.20B | $1.16B | $1.13B | $950.80M | $923.33M | $927.80M | $922.55M | $901.07M | $875.90M | $854.24M | $850.15M | $851.71M | $796.52M | $813.97M | $750.94M | $927.78M | $967.58M | $848.88M | $858.94M | $929.85M | $966.74M | $885.08M | $652.29M | $612.68M | $564.13M | $607.90M | $494.93M | $481.75M | $471.04M |
| Low Forecast | $1.03B | $999.77M | $968.37M | $937.95M | $790.45M | $767.61M | $771.32M | $766.97M | $749.10M | $728.18M | $710.17M | $677.28M | $704.08M | $722.97M | $813.97M | $750.94M | $771.31M | $876.85M | $705.72M | $714.08M | $773.04M | $966.74M | $885.08M | $652.29M | $612.68M | $564.13M | $607.90M | $494.93M | $481.75M | $471.04M |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.04% | 1.04% | 1.06% | 1.15% | 1.21% | 1.35% | 1.34% | 1.24% | 1.22% | 1.25% | 1.20% | 0.91% | 0.90% |
Murphy Oil's average Quarter revenue forecast for Mar 24 based on 4 analysts is $750.94M, with a low forecast of $750.94M, and a high forecast of $750.94M. MUR's average Quarter revenue forecast represents a -11.05% decrease compared to the company's last Quarter revenue of $844.20M (Dec 23).
Murphy Oil EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $334.49M | $540.96M | $318.97M | $502.08M | $540.22M | $864.03M | $865.52M | $452.55M | $453.45M | $383.62M | $200.93M | $-83.88M | $53.04M | $-24.18M |
| Avg Forecast | $443.12M | $429.20M | $415.71M | $402.65M | $339.34M | $329.53M | $331.12M | $329.25M | $321.58M | $312.60M | $304.87M | $300.06M | $298.61M | $295.18M | $316.25M | $63.79M | $331.12M | $357.01M | $302.96M | $57.99M | $573.09M | $528.28M | $483.66M | $52.72M | $334.80M | $308.27M | $332.19M | $-177.62M | $263.25M | $257.40M |
| High Forecast | $482.39M | $467.24M | $452.56M | $438.34M | $369.41M | $358.74M | $360.47M | $358.44M | $350.09M | $340.31M | $331.90M | $330.30M | $330.91M | $309.47M | $316.25M | $76.54M | $360.47M | $375.93M | $329.81M | $69.58M | $687.71M | $528.28M | $483.66M | $63.26M | $334.80M | $308.27M | $332.19M | $-142.10M | $263.25M | $257.40M |
| Low Forecast | $401.04M | $388.44M | $376.24M | $364.42M | $307.11M | $298.24M | $299.68M | $297.99M | $291.05M | $282.92M | $275.92M | $263.14M | $273.56M | $280.89M | $316.25M | $51.03M | $299.68M | $340.68M | $274.19M | $46.39M | $458.47M | $528.28M | $483.66M | $42.17M | $334.80M | $308.27M | $332.19M | $-213.15M | $263.25M | $257.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.52% | 1.05% | 8.66% | 0.94% | 1.64% | 1.79% | 8.58% | 1.35% | 1.24% | 0.60% | 0.47% | 0.20% | -0.09% |
4 analysts predict MUR's average Quarter EBITDA for Mar 24 to be $63.79M, with a high of $76.54M and a low of $51.03M. This is -80.93% lower than Murphy Oil's previous annual EBITDA (Dec 23) of $334.49M.
Murphy Oil Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $178.41M | $255.34M | $98.29M | $191.64M | $199.40M | $528.43M | $350.56M | $-64.94M | $204.71M | $108.46M | $-63.08M | $-287.44M | $-171.94M | $-243.55M |
| Avg Forecast | $176.20M | $167.82M | $156.28M | $151.23M | $185.63M | $176.87M | $168.43M | $165.48M | $145.54M | $134.41M | $124.18M | $125.85M | $111.08M | $96.52M | $109.66M | $-101.67M | $150.81M | $213.76M | $120.17M | $-92.43M | $212.83M | $247.05M | $238.75M | $-84.02M | $67.78M | $17.53M | $45.90M | $-608.69M | $-16.29M | $-27.59M |
| High Forecast | $196.50M | $187.16M | $174.28M | $168.65M | $207.02M | $197.25M | $187.84M | $184.54M | $162.32M | $149.90M | $138.49M | $184.58M | $154.00M | $107.64M | $109.69M | $-81.34M | $168.19M | $221.09M | $134.02M | $-73.94M | $255.39M | $247.05M | $238.75M | $-67.22M | $67.78M | $17.53M | $45.90M | $-486.95M | $-16.29M | $-27.59M |
| Low Forecast | $154.45M | $147.11M | $136.99M | $132.56M | $162.71M | $155.04M | $147.64M | $145.05M | $127.58M | $117.82M | $108.85M | $64.72M | $68.16M | $84.60M | $109.64M | $-122.00M | $132.19M | $171.30M | $105.34M | $-110.91M | $170.26M | $247.05M | $238.75M | $-100.83M | $67.78M | $17.53M | $45.90M | $-730.43M | $-16.29M | $-27.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.19% | 0.82% | -2.07% | 0.94% | 2.14% | 1.47% | 0.77% | 3.02% | 6.19% | -1.37% | 0.47% | 10.55% | 8.83% |
Murphy Oil's average Quarter net income forecast for Mar 24 is $-101.67M, with a range of $-122.00M to $-81.34M. MUR's average Quarter net income forecast represents a -156.99% decrease compared to the company's last Quarter net income of $178.41M (Dec 23).
Murphy Oil SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.31M | $41.11M | $29.35M | $27.13M | $33.53M | $36.12M | $27.21M | $29.11M | $29.50M | $35.86M | $28.51M |
| Avg Forecast | $61.88M | $59.94M | $58.06M | $56.23M | $47.39M | $46.02M | $46.24M | $45.98M | $44.91M | $43.66M | $42.58M | $41.90M | $41.70M | $41.22M | $44.16M | $30.08M | $46.24M | $49.86M | $42.31M | $27.34M | $45.65M | $52.43M | $48.00M | $24.86M | $33.23M | $30.60M | $32.97M | $62.48M | $26.13M | $25.55M |
| High Forecast | $67.37M | $65.25M | $63.20M | $61.22M | $51.59M | $50.10M | $50.34M | $50.06M | $48.89M | $47.53M | $46.35M | $46.13M | $46.21M | $43.22M | $44.16M | $36.09M | $50.34M | $52.50M | $46.06M | $32.81M | $54.79M | $52.43M | $48.00M | $29.83M | $33.23M | $30.60M | $32.97M | $74.97M | $26.13M | $25.55M |
| Low Forecast | $56.01M | $54.25M | $52.54M | $50.89M | $42.89M | $41.65M | $41.85M | $41.61M | $40.65M | $39.51M | $38.53M | $36.75M | $38.20M | $39.23M | $44.16M | $24.06M | $41.85M | $47.58M | $38.29M | $21.87M | $36.52M | $52.43M | $48.00M | $19.89M | $33.23M | $30.60M | $32.97M | $49.98M | $26.13M | $25.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 0.90% | 0.56% | 0.57% | 1.35% | 1.09% | 0.89% | 0.88% | 0.47% | 1.37% | 1.12% |
Murphy Oil's average Quarter SG&A projection for Jun 23 is $42.31M, based on 5 Wall Street analysts, with a range of $38.29M to $46.06M. The forecast indicates a 131.10% rise compared to MUR last annual SG&A of $18.31M (Mar 23).
Murphy Oil EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 5 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.16 | $1.64 | $0.63 | $1.22 | $1.28 | $3.40 | $2.26 | $-0.42 | $1.33 | $0.70 | $-0.41 | $-1.87 | $-1.11 | $-1.59 |
| Avg Forecast | $1.17 | $1.12 | $1.04 | $1.01 | $1.23 | $1.18 | $1.12 | $1.10 | $0.97 | $0.89 | $0.83 | $0.84 | $0.74 | $0.64 | $0.73 | $0.83 | $1.00 | $1.42 | $0.80 | $0.98 | $1.12 | $1.61 | $1.56 | $0.61 | $0.44 | $0.11 | $0.30 | $-0.12 | $-0.11 | $-0.18 |
| High Forecast | $1.31 | $1.24 | $1.16 | $1.12 | $1.38 | $1.31 | $1.25 | $1.23 | $1.08 | $1.00 | $0.92 | $1.23 | $1.02 | $0.72 | $0.73 | $0.83 | $1.12 | $1.47 | $0.89 | $1.10 | $1.25 | $1.61 | $1.56 | $0.61 | $0.44 | $0.11 | $0.30 | $-0.12 | $-0.11 | $-0.18 |
| Low Forecast | $1.03 | $0.98 | $0.91 | $0.88 | $1.08 | $1.03 | $0.98 | $0.96 | $0.85 | $0.78 | $0.72 | $0.43 | $0.45 | $0.56 | $0.73 | $0.83 | $0.88 | $1.14 | $0.70 | $0.86 | $0.99 | $1.61 | $1.56 | $0.61 | $0.44 | $0.11 | $0.30 | $-0.12 | $-0.11 | $-0.18 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.15% | 0.79% | 1.24% | 1.14% | 2.11% | 1.45% | -0.68% | 3.01% | 6.12% | -1.37% | 15.42% | 10.43% | 8.83% |
According to 4 Wall Street analysts, Murphy Oil's projected average Quarter EPS for Mar 24 is $0.83, with a low estimate of $0.83 and a high estimate of $0.83. This represents a -28.32% decrease compared to MUR previous annual EPS of $1.16 (Dec 23).
Murphy Oil Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| APA | APA | $22.13 | $42.52 | 92.14% | Buy |
| CIVI | Civitas Resources | $51.60 | $84.70 | 64.15% | Buy |
| DVN | Devon Energy | $38.30 | $58.88 | 53.73% | Buy |
| CHRD | Chord Energy | $129.84 | $195.36 | 50.46% | Buy |
| MUR | Murphy Oil | $32.98 | $46.08 | 39.72% | Buy |
| MTDR | Matador Resources Company | $59.18 | $73.11 | 23.54% | Buy |
| OXY | Occidental Petroleum | $50.91 | $60.85 | 19.52% | Buy |
| SM | SM Energy Company | $44.76 | $50.00 | 11.71% | Buy |
| COP | ConocoPhillips | $113.43 | $122.71 | 8.18% | Buy |
| FANG | Diamondback Energy | $181.46 | $191.60 | 5.59% | Buy |
| EOG | EOG Resources | $136.23 | $132.29 | -2.89% | Buy |
| MGY | Magnolia Oil & Gas | $27.71 | $25.06 | -9.56% | Buy |
| RRC | Range Resources | $35.16 | $31.53 | -10.32% | Buy |