
Murphy Oil (MUR) Stock Forecast & Price Target
Murphy Oil (MUR) Analyst Ratings
Bulls say
Murphy Oil Corp is poised for notable growth due to several international exploration projects, such as the upcoming three-well program in Cote d'Ivoire and anticipated oil production at Lac Da Vang. The company is expected to achieve a 12% year-over-year increase in production to 33 mboe/d in the Eagle Ford by 2025, reinforcing its capacity for consistent well results and strong free cash flow generation, even with an increased capital expenditure exceeding $1.2 billion. Additionally, an 8% increase in the annual dividend to $1.30, providing a 4.9% yield, reflects the company's commitment to returning value to shareholders amid its growth strategies.
Bears say
Murphy Oil Corp experienced lower-than-anticipated EBITDAX and free cash flow in the fourth quarter of 2024, primarily due to disappointing quarterly oil volumes and pricing. The company's guidance for 2025 revealed expectations of reduced oil and natural gas production alongside increased capital expenditures, resulting in lower earnings and cash flow estimates. Additionally, underperformance in the Catarina area, marked by significantly diminished productivity, raised concerns about future growth potential, leading to 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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