
Murphy Oil (MUR) Stock Forecast & Price Target
Murphy Oil (MUR) Analyst Ratings
Bulls say
Murphy Oil Corp is poised for future growth driven by international projects, including a three-well program in Cote d'Ivoire and potential oil output from Lac Da Vang, which can enhance overall production despite increased capital requirements. The company anticipates a year-on-year growth rate of 12% to 33 mboe/d in the Eagle Ford segment by 2025, indicating expectations of more consistent well results and robust free cash flow generation, with capital expenditures projected to exceed $1.2 billion. Additionally, Murphy's recent 8% increase in its annual dividend to $1.30 reflects a strong dividend yield of 4.9%, further solidifying its financial stability and attractiveness to investors.
Bears say
Murphy Oil Corp has reported lower-than-expected 4Q24 EBITDAX and free cash flow primarily due to disappointing oil volumes and pricing, alongside a subpar production outlook for 2025 that indicates both lower oil and natural gas production as well as increased capital expenditures. The company's guidance included an underwhelming projection of flat year-over-year growth, further exacerbated by significantly weak productivity results from the Catarina area, where recent completions performed at approximately 50% of normal levels. Consequently, heightened capital and operating expenditure assumptions moving into 2025 and 2026 contribute to lowered earnings and cash flow estimates, underscoring a negative outlook for the stock.
This aggregate rating is based on analysts' research of Murphy Oil and is not a guaranteed prediction by Public.com or investment advice.
Murphy Oil (MUR) Analyst Forecast & Price Prediction
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