Murphy Oil Corporation (MUR)
NYSE: MUR · IEX Real-Time Price · USD
41.66
-0.32 (-0.76%)
At close: Jul 19, 2024, 4:00 PM
41.60
-0.06 (-0.14%)
Pre-market: Jul 22, 2024, 4:39 AM EDT
Murphy Oil Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Murphy Oil stock have an average target of 51.83, with a low estimate of 43 and a high estimate of 59. The average target predicts an increase of 24.41% from the current stock price of 41.66.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Murphy Oil stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 4 | 3 |
| Buy | 4 | 4 | 4 | 4 | 4 | 5 |
| Hold | 4 | 4 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 12 | 13 | 13 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jul 18, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $55 → $54 | Buy | Maintains | $55 → $54 | +29.62% | Jul 18, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $50 → $47 | Buy | Maintains | $50 → $47 | +12.82% | Jul 12, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $55 → $59 | Strong Buy | Maintains | $55 → $59 | +41.62% | May 13, 2024 |
| Keybanc | Keybanc | Buy Maintains $50 → $54 | Buy | Maintains | $50 → $54 | +29.62% | Apr 22, 2024 |
Financial Forecast
Revenue This Year
3.40B
from 3.46B
Decreased by -1.82%
Revenue Next Year
3.62B
from 3.40B
Increased by 6.54%
EPS This Year
4.28
from 4.22
Increased by 1.41%
EPS Next Year
5.81
from 4.28
Increased by 35.81%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.7B | 4.2B | 4.4B |
| Avg | 3.4B | 3.6B | 3.7B |
| Low | 3.2B | 3.2B | 3.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.7% | 22.2% | 20.5% |
| Avg | -1.8% | 6.5% | 1.4% |
| Low | -8.8% | -6.8% | -9.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.10 | 7.91 | 8.09 | 3.99 | 5.30 |
| Avg | 4.28 | 5.81 | 5.60 | 3.84 | 5.10 |
| Low | 3.46 | 4.33 | 3.91 | 3.72 | 4.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.8% | 84.8% | 39.1% | -28.7% | 38.2% |
| Avg | 1.4% | 35.8% | -3.7% | -31.4% | 32.9% |
| Low | -18.0% | 1.2% | -32.7% | -33.5% | 28.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.