Murphy Oil (MUR) Stock Forecast & Price Target

$41.34

+0.78 (+1.92%)

(As of 12/8/2023 ET)

Today's Range: $40.87
▼
$41.51
50-Day Range: $40.37
▼
$47.83
52-Week Range: $32.80
▼
$48.47

Volume: 1.70 million shs
Average Volume: 1.63 million shs
Market Capitalization: $6.39 billion

P/E Ratio: 8.74
Dividend Yield: 2.66%
Price Target: $48.90

Murphy Oil Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 10 Analyst Ratings

Analysts' Consensus Price Target

$48.90
18.29% Upside

High Forecast	$57.00
Average Forecast	$48.90
Low Forecast	$41.00

Type	Current Forecast 12/8/22 to 12/8/23	1 Month Ago 11/8/22 to 11/8/23	3 Months Ago 9/9/22 to 9/9/23	1 Year Ago 12/8/21 to 12/8/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$48.90	$48.82	$48.90	$53.33
Predicted Upside	18.29% Upside	13.73% Upside	13.94% Upside	21.80% Upside

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MUR Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MUR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Murphy Oil Stock vs. The Competition

Type	Murphy Oil	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.60	2.54	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	18.29% Upside	503.53% Upside	3,819.06% Upside
News Sentiment Rating	Very Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/28/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$57.00	+33.61%
11/16/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$52.00 ➝ $56.00	+31.86%
10/12/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$39.00 ➝ $41.00	-8.69%
10/4/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$50.00 ➝ $53.00	+23.89%
10/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$46.00 ➝ $48.00	+9.22%
9/18/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$51.00 ➝ $53.00	+17.10%
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8/28/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$45.00 ➝ $46.00	+1.37%
8/23/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$47.00 ➝ $53.00	+18.33%
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$34.00 ➝ $41.00	+10.24%
4/17/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$41.00	+4.86%
3/8/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:32 PM ET.

MUR Price Target - Frequently Asked Questions

What is Murphy Oil's consensus rating and price target?: According to the issued ratings of 10 analysts in the last year, the consensus rating for Murphy Oil stock is Moderate Buy based on the current 4 hold ratings and 6 buy ratings for MUR. The average twelve-month price prediction for Murphy Oil is $48.90 with a high price target of $57.00 and a low price target of $41.00. Learn more on MUR's analyst rating history.
Do Wall Street analysts like Murphy Oil more than its competitors?: Analysts like Murphy Oil more than other Oils/Energy companies. The consensus rating score for Murphy Oil is 2.60 while the average consensus rating score for oils/energy companies is 2.54. Learn more on how MUR compares to other companies.
Does Murphy Oil's stock price have much upside?: According to analysts, Murphy Oil's stock has a predicted upside of 14.41% based on their 12-month stock forecasts.

What analysts cover Murphy Oil?: Murphy Oil has been rated by Evercore ISI, Mizuho, Morgan Stanley, Piper Sandler, Truist Financial, and UBS Group in the past 90 days.

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This page (NYSE:MUR) was last updated on 12/8/2023 by MarketBeat.com Staff

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