Murphy Oil (MUR) Stock Forecast & Price Target

$35.29

-0.07 (-0.20%)

(As of 09/18/2024 ET)

Murphy Oil - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 12 Analyst Ratings

Based on 12 Wall Street analysts who have issued ratings for Murphy Oil in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 7 have given a hold rating, and 5 have given a buy rating for MUR.

Consensus Price Target

$45.00
27.51% Upside

High Forecast	$55.00
Average Forecast	$45.00
Low Forecast	$39.00

According to the 12 analysts' twelve-month price targets for Murphy Oil, the average price target is $45.00. The highest price target for MUR is $55.00, while the lowest price target for MUR is $39.00. The average price target represents a forecasted upside of 27.51% from the current price of $35.29.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$45.00	$48.36	$51.00	$49.10
Forecasted Upside	27.51% Upside	17.73% Upside	11.72% Upside	14.05% Upside

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MUR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MUR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Murphy Oil Stock vs. The Competition

Type	Murphy Oil	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.42	2.59	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	27.19% Upside	197.00% Upside	7.70% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/18/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$45.00 ➝ $39.00	+10.23%
9/16/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$43.00 ➝ $39.00	+14.50%
9/16/2024	Mizuho 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$59.00 ➝ $50.00	+45.65%
9/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$47.00 ➝ $39.00	+15.04%
8/23/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$47.00 ➝ $41.00	+7.84%
8/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$54.00 ➝ $44.00	+19.76%
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8/12/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$54.00 ➝ $46.00	+24.39%
8/9/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Cheng Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/22/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$59.00 ➝ $55.00	+33.75%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Escalante Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
4/22/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$50.00 ➝ $54.00	+17.42%
3/20/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
10/12/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$39.00 ➝ $41.00	-8.69%
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$34.00 ➝ $41.00	+10.24%
4/17/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$41.00	+4.86%
3/8/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:56 PM ET.

MUR Forecast - Frequently Asked Questions

What is Murphy Oil's forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Murphy Oil is $45.00, with a high forecast of $55.00 and a low forecast of $39.00.
Should I buy or sell Murphy Oil stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Murphy Oil in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MUR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MUR, but not buy additional shares or sell existing shares.
Does Murphy Oil's stock price have much upside?: According to analysts, Murphy Oil's stock has a predicted upside of 18.53% based on their 12-month stock forecasts.
Has Murphy Oil been downgraded by Wall Street analysts recently?: Over the previous 90 days, Murphy Oil's stock had 2 downgrades by analysts.
What analysts cover Murphy Oil?: Murphy Oil has been rated by research analysts at Barclays, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, Truist Financial, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Murphy Oil more than its competitors?: Analysts like Murphy Oil less than other "oils/energy" companies. The consensus rating for Murphy Oil is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how MUR compares to other companies.