Murphy Oil Corporation (MUR) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 36 analysts14.8% Below Target
MUR trades 14.8% below Wall Street's consensus target of $39.36.
Current Price$34.29
Average Target$39.36
Target
Current
Low$29.00
Median$41.00
High$48.00
Analyst Target Range
Forward P/E8.8x
(Value)
PEG Ratio—
Implied Growth-98.9%
(Declining)
Analyst Spread48.3%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MUR achieves its forward estimates and maintains a stable P/E multiple of 8.8x. This scenario reflects the blended consensus of 36 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MUR Price Target Analysis
Updated June 20, 2026As of June 20, 2026, Murphy Oil Corporation (MUR) has a Wall Street consensus price target of $39.36, based on estimates from 36 covering analysts. With the stock currently trading at $34.29, this represents a potential upside of +14.8%. The company has a market capitalization of $4.92B.
Analyst price targets range from a low of $29.00 to a high of $48.00, representing a 48% spread in expectations. The median target of $41.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 9 analysts rating the stock as a Buy or Strong Buy,25 rating it Hold, and 2 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, MUR trades at a trailing P/E of 47.6x and forward P/E of 8.8x. Analysts expect EPS to grow -98.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $27335.92, with bear and bull scenarios of $17221.63 and $36017.81 respectively. Model confidence stands at 45/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+27.1%
Industry Consensus
Avg Forward P/E
7.0x
(Value)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SMSM Energy Company | $3.1B | $27.14 | $35.20 | +29.7% | Buy | 3.5x | 54 |
 CIVICivitas Resources, Inc. | $2.3B | $27.38 | $33.00 | +20.5% | Hold | 6.8x | 16 |
 CHRDChord Energy Corporation | $7.0B | $123.12 | $145.90 | +18.5% | Buy | 5.7x | 19 |
 MTDRMatador Resources Company | $6.2B | $49.56 | $72.00 | +45.3% | Buy | 6.4x | 42 |
 RRCRange Resources Corporation | $8.6B | $36.39 | $47.40 | +30.3% | Hold | 8.5x | 62 |
 DVNDevon Energy Corporation | $26.2B | $42.12 | $58.77 | +39.5% | Buy | 7.5x | 64 |
 APAAPA Corporation | $11.7B | $33.03 | $38.50 | +16.6% | Hold | 5.1x | 51 |
 OVVOvintiv Inc. | $14.7B | $52.41 | $65.75 | +25.5% | Buy | 6.6x | 26 |
 PRPermian Resources Corporation | $15.3B | $18.43 | $24.50 | +32.9% | Buy | 11.1x | 20 |
 MGYMagnolia Oil & Gas Corporation | $4.9B | $26.41 | $29.56 | +11.9% | Buy | 9.0x | 26 |
MUR — Frequently Asked Questions
Quick answers to the most common questions about buying MUR stock.
What is the MUR stock price target for 2026?
Murphy Oil Corporation (MUR) has a consensus 12-month price target of $39.36, implying 14.8% upside from $34.29. The 36 analysts covering MUR see moderate appreciation potential.
Is MUR a buy, sell, or hold?
MUR has a consensus rating of "Hold" based on 36 Wall Street analysts. The rating breakdown is mixed, with 25 Hold ratings making up the largest segment. The consensus 12-month price target of $39.36 implies 14.8% upside from current levels.
Is MUR stock overvalued or undervalued?
With a forward P/E of 8.8338x, MUR trades at a relatively low valuation. The consensus target of $39.36 implies 14.8% appreciation, suggesting meaningful undervaluation.
How high can MUR stock go?
The most bullish Wall Street analyst has a price target of $48 for MUR, while the most conservative target is $29. The consensus of $39.36 represents the median expectation. Our quantitative valuation model projects a bull case target of $36018 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MUR stock?
MUR is heavily covered by Wall Street, with 36 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 9 have Buy ratings, 25 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MUR stock forecast?
The 12-month MUR stock forecast based on 36 Wall Street analysts shows a consensus price target of $39.36, with estimates ranging from $29 (bear case) to $48 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $27336, with bear/bull scenarios of $17222/$36018.
What is MUR's fair value based on fundamentals?
Our quantitative valuation model calculates MUR's fair value at $27336 (base case), with a bear case of $17222 and bull case of $36018. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 45/100.
What is MUR's forward P/E ratio?
MUR trades at a forward P/E ratio of 8.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 47.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MUR stock?
Wall Street analysts are optimistic on MUR, with a "Hold" consensus rating and $39.36 price target (14.8% upside). 9 of 36 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MUR price targets vary so much?
MUR analyst price targets range from $29 to $48, a 48% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $39.36 consensus represents the middle ground. Our model's $17222-$36018 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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Historical Returns
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Peer Comparison
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