
Murphy Oil (MUR) Stock Forecast & Price Target
Murphy Oil (MUR) Analyst Ratings
Bulls say
Murphy Oil Corp has a strong potential for growth, particularly with three wells that have gross target sizes averaging around 500 million barrels of oil equivalent (MMBoe) and gross dry hole costs of approximately $50 million each, presenting a high upside opportunity for the company. With a 90% working interest in these wells, successful drilling could significantly enhance the company's production capability. Additionally, the company's prudent approach to share buybacks, choosing not to borrow funds for these activities, reflects a disciplined financial strategy that may bolster investor confidence.
Bears say
Murphy Oil Corp has faced significant operational challenges, particularly in the Gulf, leading to high operating expenses and below-target production volumes. The company has struggled with workovers over the past year, exacerbating its issues and contributing to lowered revenue expectations amidst declining commodity prices. Additionally, these operational difficulties have hindered Murphy Oil's capacity to return capital to shareholders, further impacting investor sentiment.
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
Start investing in Murphy Oil (MUR)
Order type
Buy in
Order amount
Est. shares
0 shares