Murphy Oil Corporation (MUR)
NYSE: MUR · IEX Real-Time Price · USD
46.58
+0.15 (0.32%)
Apr 26, 2024, 1:07 PM EDT - Market open
Murphy Oil Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Murphy Oil stock have an average target of 51.54, with a low estimate of 43 and a high estimate of 59. The average target predicts an increase of 10.65% from the current stock price of 46.58.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 4 | 4 |
| Buy | 3 | 2 | 3 | 3 | 3 | 4 |
| Hold | 4 | 4 | 4 | 4 | 4 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 9 | 10 | 10 | 11 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $50 → $54 | Buy | Maintains | $50 → $54 | +15.93% | Apr 22, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $49 → $55 | Buy | Maintains | $49 → $55 | +18.08% | Apr 19, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $53 → $55 | Strong Buy | Maintains | $53 → $55 | +18.08% | Apr 15, 2024 |
| Scotiabank | Scotiabank | Buy → Hold Downgrades $46 → $50 | Buy → Hold | Downgrades | $46 → $50 | +7.34% | Apr 11, 2024 |
| Barclays | Barclays | Hold Initiates $54 | Hold | Initiates | $54 | +15.93% | Apr 10, 2024 |
Financial Forecast
Revenue This Year
3.30B
from 3.46B
Decreased by -4.51%
Revenue Next Year
3.66B
from 3.30B
Increased by 10.90%
EPS This Year
4.51
from 4.22
Increased by 6.78%
EPS Next Year
6.04
from 4.51
Increased by 34.10%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 3.6B | 4.5B | 4.3B | 2.9B |
| Avg | 3.3B | 3.7B | 3.6B | 2.8B |
| Low | 2.9B | 3.0B | 3.2B | 2.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.4% | 36.4% | 16.3% | -19.0% |
| Avg | -4.5% | 10.9% | -0.7% | -22.1% |
| Low | -16.7% | -9.6% | -12.6% | -24.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.74 | 9.88 | 7.72 | 3.73 | 4.36 |
| Avg | 4.51 | 6.04 | 5.51 | 2.46 | 4.19 |
| Low | 3.68 | 4.01 | 3.72 | 1.30 | 4.07 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.0% | 119.3% | 27.7% | -32.3% | 76.8% |
| Avg | 6.8% | 34.1% | -8.8% | -55.3% | 70.1% |
| Low | -12.7% | -11.1% | -38.4% | -76.3% | 65.0% |
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.