Murphy Oil Corporation (NYSE:MUR) Stock Has Average Price Target of $37.83

Key Points

• Analysts maintain a “Hold” consensus on Murphy Oil, with nine hold, four buy, and three sell ratings. The average 12-month price target is $37.83, near the stock’s reported opening price of $37.01.
• Earnings estimates have been reduced across late 2026 through 2028, including the FY2026 forecast cut to $2.92 from $2.99 and the FY2027 forecast to $2.44 from $2.53, signaling weaker expected earnings growth.
• Murphy Oil’s latest quarterly revenue rose 33.5% year over year to $926.33 million, though EPS of $1.55 narrowly missed estimates. The company also pays a quarterly dividend of $0.35 per share, representing a 3.8% annualized yield.

Murphy Oil Corporation (NYSE:MUR - Get Free Report) has earned an average rating of "Hold" from the sixteen analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $37.83.

MUR has been the topic of a number of research reports. KeyCorp raised their target price on shares of Murphy Oil from $43.00 to $47.00 and gave the company an "overweight" rating in a research note on Tuesday, September 15th. UBS Group decreased their price target on shares of Murphy Oil from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Barclays downgraded Murphy Oil from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $38.00 to $34.00 in a report on Friday, August 14th. Mizuho raised Murphy Oil to a "hold" rating in a research report on Friday, July 31st. Finally, Wall Street Zen cut Murphy Oil from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th.

Key Stories Impacting Murphy Oil

Here are the key news stories impacting Murphy Oil this week:

• Neutral Sentiment: Zacks maintained the current full-year analyst consensus at $2.66 EPS. The forecast changes were issued by one research firm and do not represent a company earnings announcement or a change in management guidance.
• Negative Sentiment: Zacks cut its Q4 2026 EPS estimate to $0.66 from $0.73 and lowered its FY2026 forecast to $2.92 from $2.99, indicating weaker near-term earnings expectations.
• Negative Sentiment: The firm also reduced its 2027 projections, including Q2 EPS to $0.51 from $0.53, Q3 EPS to $0.69 from $0.71, Q4 EPS to $0.74 from $0.77, and full-year EPS to $2.44 from $2.53. Q1 Earnings Forecast for Murphy Oil Issued By Zacks Research
• Negative Sentiment: Longer-term estimates were lowered as well: Q1 2027 EPS fell to $0.50 from $0.51, while Q1 2028, Q2 2028, and FY2028 forecasts declined to $0.74, $0.53, and $2.50, respectively. The broad pattern of reductions may pressure investor views of Murphy Oil’s earnings growth and valuation.

Murphy Oil Stock Up 2.9%

Shares of NYSE:MUR opened at $37.01 on Thursday. The stock has a 50-day simple moving average of $36.84 and a 200-day simple moving average of $37.36. The stock has a market capitalization of $5.31 billion, a P/E ratio of 18.32 and a beta of 0.50. Murphy Oil has a 1 year low of $26.49 and a 1 year high of $43.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The business had revenue of $926.33 million during the quarter, compared to analysts' expectations of $888.51 million. During the same quarter in the previous year, the business posted $0.27 EPS. The company's quarterly revenue was up 33.5% on a year-over-year basis. Equities analysts forecast that Murphy Oil will post 2.64 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.8%. Murphy Oil's dividend payout ratio (DPR) is currently 69.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MUR. Leonteq Securities AG purchased a new position in Murphy Oil in the first quarter valued at about $29,000. Valued Wealth Advisors LLC increased its holdings in Murphy Oil by 14,700.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 735 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Murphy Oil in the 2nd quarter valued at approximately $54,000. Allworth Financial LP acquired a new position in shares of Murphy Oil in the 2nd quarter valued at approximately $91,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Murphy Oil in the 2nd quarter valued at approximately $94,000. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

About Murphy Oil

Murphy Oil Corporation NYSE: MUR is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids.

The company's current operations are concentrated in the United States and Canada. In the United States, Murphy Oil has assets in the Eagle Ford and Gulf Coast onshore regions, as well as interests in the Gulf of Mexico. In Canada, the company operates in Western Canadian plays, including the Tupper Montney area.

Murphy Oil was incorporated in 1950 and has historically pursued exploration and production opportunities in several international markets in addition to North America.

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