Morgan Stanley Reiterates Sell Rating on Murphy Oil
Morgan Stanley maintains its sell rating on Murphy Oil, setting a $35 price target, a 7.49% upside from the current price.
Key Points
- Morgan Stanley reiterated its sell rating for Murphy Oil Corporation with a $35 price target on June 29, 2026.
- Morgan Stanley's $35 price target implies 7.49% upside from Murphy Oil Corporation's ($MUR) current $32.56 share price.
- Murphy Oil's shares traded at $32.56 on Wednesday, with a market cap of about $4.67 billion and a forward P/E of 9.41.
- Keybanc upgraded Murphy Oil to a buy with a $48 target, while Mizuho and Barclays maintain hold ratings.
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Morgan Stanley analyst Devin McDermott reiterated a sell rating on Murphy Oil Corporation (NYSE:MUR) on June 29, 2026, setting a price target of $35. Shares of Murphy Oil traded at $32.56 on Wednesday, reflecting the market's response to the analyst's stance.
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Murphy Oil Corporation Stock Down 8.6%
Shares of NYSE:MUR traded near $32.56 on Wednesday. Murphy Oil Corporation, with a market cap of approximately $4.67 billion, has a P/E ratio of 55.19 and a forward P/E of 9.41. The company's beta is 0.488, indicating it is less volatile than the broader market. Over the past year, the stock has seen a low of $21.86 and a high of $43.34. Its 50-day moving average is $38.11, while the 200-day moving average stands at $33.59. The company's current ratio is 0.83, with a quick ratio of 0.75, and a debt-to-equity ratio of 43.95.
$MUR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Murphy Oil reported revenue of approximately $2.75 billion, with a revenue growth of 8.9%. The company's earnings per share (EPS) stood at $0.59. Despite a modest net margin of 3.06% and a return on equity (ROE) of 2.23%, the company's financials reflect stable operations within the oil and gas sector. Investors will be looking forward to the next earnings report scheduled for August 5, 2026.
Dividend
Murphy Oil offers an annual dividend rate of $1.35, yielding 4.15%. The company's dividend payout ratio is 224.58%, providing a steady income stream for investors. The ex-dividend date was not specified in the available data.
Insider Buying and Selling at Murphy Oil Corporation
Recent insider activity at Murphy Oil includes sales from Senior Vice President Daniel Hanchera, who sold 47,320 shares at an average price of $33.79 on March 11, 2026. Additionally, Senior Vice President Maria Martinez sold 8,608 shares at $34.93 on March 3, 2026. Robert Madison Murphy, without a specified title, executed several transactions, including a purchase of 2,896 shares on February 9, 2026, at an unspecified price.
Analysts Set New Price Targets
On June 29, 2026, Morgan Stanley maintained its sell rating on Murphy Oil with a $35 target. Earlier, on June 4, 2026, Keybanc upgraded the stock to a buy with a $48 price target. Mizuho maintained a hold rating with a $44 target on May 27, 2026. Barclays also maintained a hold rating with a $43 target on May 26, 2026. The overall analyst consensus is a hold, with an average target price of $44.29 based on 14 analyst opinions.
About Murphy Oil Corporation
Murphy Oil Corporation is an energy company involved in the exploration and production of oil and gas. Headquartered in Houston, Texas, the company operates in the United States, Canada, and internationally. Under the leadership of CEO Eric M. Hambly, Murphy Oil focuses on producing crude oil, natural gas, and natural gas liquids. The company employs around 813 people.
Bottom Line
Morgan Stanley's reiterated sell rating and $35 price target reflect a cautious outlook on Murphy Oil Corporation. As a key player in the energy sector, the company's financial health and strategic direction remain under investor scrutiny. The backward-looking nature of analyst ratings means investors should consider various factors when evaluating the stock.
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