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Murphy Oil (MUR) Stock Forecast, Price Target & Predictions

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MUR Stock Forecast

Murphy Oil stock forecast is as follows: an average price target of $44.00 (represents a 50.79% upside from MUR’s last price of $29.18) 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 $44.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $37.00. This represents a potential 50.79% upside from MUR's last price of $29.18.

MUR Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 23, 2025Leo MarianiRoth Capital$37.00$30.4021.71%26.80%
Oct 16, 2024Tim RezvanKeyBanc$50.00$33.1151.01%71.35%
Oct 15, 2024Nitin KumarMizuho Securities$50.00$35.4940.88%71.35%
Oct 15, 2024Mark LearPiper Sandler$43.00$35.4921.16%47.36%
Oct 04, 2024Phillip JungwirthBMO Capital$40.00$35.6112.33%37.08%
Jul 22, 2024Neal DingmannTruist Financial$55.00$40.8334.70%88.49%
Jul 18, 2024Mark LearPiper Sandler$54.00$42.0728.36%85.06%
May 24, 2024Devin McDermottMorgan Stanley$45.00$42.156.76%54.22%
Apr 19, 2024Mark LearPiper Sandler$55.00$45.1921.71%88.49%
Apr 15, 2024Nitin KumarMizuho Securities$55.00$47.0416.92%88.49%
Apr 11, 2024Paul ChengScotiabank$50.00$48.113.93%71.35%
Apr 09, 2024Betty JiangBarclays$54.00$47.9212.69%85.06%
Apr 05, 2024Neal DingmannTruist Financial$59.00$48.5721.47%102.19%
Mar 21, 2024Nitin KumarMizuho Securities$53.00$44.7418.46%81.63%
Jan 10, 2023Wells Fargo$44.00$41.346.43%50.79%
Dec 14, 2022Morgan Stanley$47.00$42.3011.11%61.07%
Nov 23, 2022Goldman Sachs$50.00$46.547.43%71.35%
Apr 22, 2022Morgan Stanley$53.00$39.3434.71%81.63%
Nov 17, 2021Lloyd ByrneUBS$35.00$27.1329.01%19.95%
Nov 10, 2021John GerdesMKM Partners$37.00$28.3530.51%26.80%

The latest Murphy Oil stock forecast, released on Jan 23, 2025 by Leo Mariani from Roth Capital, set a price target of $37.00, which represents a 21.71% increase from the stock price at the time of the forecast ($30.40), and a 26.80% increase from MUR last price ($29.18).

Murphy Oil Price Target by Period

1M3M12M
# Anlaysts1114
Avg Price Target$37.00$37.00$50.00
Last Closing Price$29.18$29.18$29.18
Upside/Downside26.80%26.80%71.35%

In the current month, the average price target of Murphy Oil stock is $37.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 26.80% increase as opposed to Murphy Oil's last price of $29.18. This month's average price target is down 0.00% compared to last quarter, and down -26.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024KeyBancOverweightOverweightHold
Oct 15, 2024Piper SandlerOverweightOverweightHold
Oct 04, 2024BMO CapitalMarket PerformMarket PerformHold
Jul 18, 2024Piper SandlerOverweightOverweightHold
Jul 17, 2024Wolfe ResearchOutperformPeer PerformInitialise
May 24, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Apr 19, 2024Piper SandlerOverweightOverweightHold
Jan 29, 2024Sandler O'NeillUnderperformUnderperformHold
Jan 11, 2024UBSBuyBuyHold
Jan 11, 2024Piper SandlerUnderperformUnderperformHold
Aug 28, 2023Wolfe ResearchOutperformOutperformHold
Apr 17, 2023JefferiesBuyUpgrade
Jan 10, 2023Wells FargoEqual-WeightEqual-WeightHold
Dec 14, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Dec 05, 2022Goldman SachsNeutralSellInitialise
Dec 05, 2022CitigroupNeutralInitialise
Dec 05, 2022Morgan StanleyEqual-WeightInitialise
Dec 05, 2022Wells FargoEqual-WeightUpgrade
Nov 23, 2022Goldman SachsNeutralNeutralHold
Oct 18, 2022Piper SandlerOverweightOverweightHold
Oct 12, 2022MKM PartnersBuyBuyHold
Oct 12, 2022Piper SandlerNeutralNeutralHold

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$867.08M$846.53M$842.69M$836.03M$814.31M$788.05M$754.95M$746.30M$744.99M$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$1.27B$1.23B$1.20B$1.16B$968.77M$945.82M$941.53M$934.08M$909.82M$880.47M$843.49M$843.18M$798.05M$796.52M$813.97M$750.94M$952.20M$967.58M$871.22M$881.54M$936.78M$966.74M$885.08M$652.29M$612.68M$564.13M$607.90M$494.93M$481.75M$471.04M
Low Forecast$1.03B$998.85M$967.47M$937.08M$784.01M$765.44M$761.97M$755.94M$736.31M$712.55M$682.62M$664.56M$693.60M$722.97M$813.97M$750.94M$770.60M$876.85M$705.07M$713.42M$789.52M$966.74M$885.08M$652.29M$612.68M$564.13M$607.90M$494.93M$481.75M$471.04M
# Analysts333333334446633458544343545458
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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts333333334446633458544343545458
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$336.88M$328.90M$327.41M$324.82M$316.38M$306.18M$293.32M$289.96M$289.45M$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$495.09M$479.53M$464.47M$449.88M$376.39M$367.48M$365.81M$362.92M$353.49M$342.09M$327.72M$327.60M$310.07M$309.47M$316.25M$76.54M$369.95M$375.93M$338.49M$69.58M$687.71M$528.28M$483.66M$63.26M$334.80M$308.27M$332.19M$-142.10M$263.25M$257.40M
Low Forecast$400.67M$388.08M$375.89M$364.08M$304.61M$297.39M$296.04M$293.70M$286.08M$276.85M$265.22M$258.20M$269.48M$280.89M$316.25M$51.03M$299.40M$340.68M$273.94M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts333333334446633458544343545458
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$179.60M$175.99M$165.14M$164.18M$137.61M$124.61M$110.17M$107.42M$89.05M$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$203.06M$193.41M$180.10M$174.28M$206.98M$202.83M$190.32M$189.21M$158.60M$143.61M$126.97M$161.13M$109.16M$111.23M$109.69M$-81.34M$173.80M$221.09M$138.50M$-73.94M$255.39M$247.05M$238.75M$-67.22M$67.78M$17.53M$45.90M$-486.95M$-16.29M$-27.59M
Low Forecast$154.26M$146.92M$136.82M$132.39M$157.23M$154.08M$144.58M$143.73M$120.48M$109.09M$96.45M$68.36M$70.38M$84.50M$109.64M$-122.00M$132.03M$171.30M$105.21M$-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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts333333334446633458544343545458
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$47.05M$45.93M$45.72M$45.36M$44.18M$42.76M$40.96M$40.49M$40.42M$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$69.14M$66.97M$64.86M$62.83M$52.56M$51.32M$51.09M$50.68M$49.37M$47.77M$45.77M$45.75M$43.30M$43.22M$44.16M$36.09M$51.66M$52.50M$47.27M$32.81M$54.79M$52.43M$48.00M$29.83M$33.23M$30.60M$32.97M$74.97M$26.13M$25.55M
Low Forecast$55.95M$54.20M$52.49M$50.84M$42.54M$41.53M$41.34M$41.02M$39.95M$38.66M$37.04M$36.06M$37.63M$39.23M$44.16M$24.06M$41.81M$47.58M$38.26M$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 $38.26M to $47.27M. The forecast indicates a 131.10% rise compared to MUR last annual SG&A of $18.31M (Mar 23).

Murphy Oil EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts333333334446633458544343545458
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$1.19$1.17$1.10$1.09$0.92$0.83$0.73$0.71$0.59$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$1.35$1.29$1.20$1.16$1.38$1.35$1.27$1.26$1.05$0.96$0.84$1.07$0.73$0.74$0.73$0.83$1.16$1.47$0.92$1.13$1.27$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$1.05$1.02$0.96$0.96$0.80$0.73$0.64$0.45$0.47$0.56$0.73$0.83$0.88$1.14$0.70$0.86$1.01$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CHRDChord Energy$116.77$185.4458.81%Buy
MURMurphy Oil$29.18$44.0050.79%Buy
CIVICivitas Resources$51.93$76.1746.68%Buy
DVNDevon Energy$35.07$50.5044.00%Buy
COPConocoPhillips$101.56$140.0037.85%Buy
SMSM Energy$40.05$54.0034.83%Buy
FANGDiamondback Energy$170.86$223.8231.00%Buy
OXYOccidental Petroleum$48.83$62.0026.97%Buy
MTDRMatador Resources$60.26$73.5722.09%Buy
MGYMagnolia Oil & Gas$24.80$29.0016.94%Buy
APAAPA$23.18$26.9016.05%Buy
EOGEOG Resources$130.23$146.4312.44%Buy
RRCRange Resources$37.59$36.00-4.23%Buy

MUR Forecast FAQ

Is Murphy Oil a good buy?

Yes, according to 10 Wall Street analysts, Murphy Oil (MUR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 50.00% of MUR's total ratings.

What is MUR's price target?

Murphy Oil (MUR) average price target is $44 with a range of $37 to $50, implying a 50.79% from its last price of $29.18. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Murphy Oil stock go up soon?

According to Wall Street analysts' prediction for MUR stock, the company can go up by 50.79% (from the last price of $29.18 to the average price target of $44), up by 71.35% based on the highest stock price target, and up by 26.80% based on the lowest stock price target.

Can Murphy Oil stock reach $40?

MUR's average twelve months analyst stock price target of $44 supports the claim that Murphy Oil can reach $40 in the near future.

What is Murphy Oil's current price target trend?

1 Wall Street analyst forecast a $37 price target for Murphy Oil (MUR) this month, up 26.80% from its last price of $29.18. Compared to the last 3 and 12 months, the average price target increased by 26.80% and increased by 71.35%, respectively.

What are Murphy Oil's analysts' financial forecasts?

Murphy Oil's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.39B (high $3.79B, low $3.07B), average EBITDA is $1.32B (high $1.47B, low $1.19B), average net income is $684.92M (high $789.35M, low $599.62M), average SG&A $184.06M (high $205.65M, low $166.43M), and average EPS is $4.56 (high $5.25, low $3.99). MUR's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $4.35B (high $4.86B, low $3.93B), average EBITDA is $1.69B (high $1.89B, low $1.53B), average net income is $651.52M (high $750.86M, low $570.39M), average SG&A $236.11M (high $263.8M, low $213.49M), and average EPS is $4.33 (high $4.99, low $3.79).

Did the MUR's actual financial results beat the analysts' financial forecasts?

Based on Murphy Oil's last annual report (Dec 2023), the company's revenue was $3.46B, beating the average analysts forecast of $3.34B by 3.60%. Apple's EBITDA was $1.61B, beating the average prediction of $1.05B by 53.15%. The company's net income was $661.56M, beating the average estimation of $392.32M by 68.63%. Apple's SG&A was $0, missing the average forecast of $165.75M by -100.00%. Lastly, the company's EPS was $4.26, beating the average prediction of $4.21 by 1.25%. In terms of the last quarterly report (Dec 2023), Murphy Oil's revenue was $844.2M, missing the average analysts' forecast of $852.24M by -0.94%. The company's EBITDA was $334.49M, beating the average prediction of $331.12M by 1.02%. Murphy Oil's net income was $178.41M, beating the average estimation of $150.81M by 18.30%. The company's SG&A was $0, missing the average forecast of $46.24M by -100.00%. Lastly, the company's EPS was $1.16, beating the average prediction of $1 by 15.65%