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Investing.com - UBS raised its price target on Murphy Oil Corp. (NYSE:MUR) to $27.00 from $24.00 on Tuesday, while maintaining a Neutral rating on the stock. The company, currently trading at $28.50, has seen five analysts revise their earnings estimates upward for the upcoming period, according to InvestingPro data.
The firm cited Murphy Oil’s third-quarter update as building upon positive second-quarter results, noting that Gulf of America production benefited from a quiet hurricane season.
UBS expects oil volumes to be at the high end of the guidance range, which would reverse a trend of several consecutive quarters of oil production misses for the company.
The price target increase reflects potential value from exploration upside, with UBS identifying Murphy Oil’s fourth-quarter 2025 and first-half 2026 exploration activities as the company’s biggest near-term driver.
Despite the higher price target, UBS maintained its Neutral rating, noting that Murphy Oil’s exploration budget leaves the company more vulnerable to crude oil price downside risk.
In other recent news, Murphy Oil Corporation reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved earnings per share of $0.27, exceeding the forecasted $0.20, and reported revenue of $683.06 million, which was higher than the anticipated $646.92 million. Following these results, UBS raised its price target for Murphy Oil to $24, citing improved cash flow and production metrics, while maintaining a Neutral rating. In addition, the company announced a quarterly dividend of $0.325 per share, payable on December 1, 2025. KeyBanc Capital Markets maintained its Sector Weight rating on Murphy Oil, noting that the company benefited from a calm storm season in the Gulf of America and completed planned workover activities. These developments reflect a period of positive momentum for Murphy Oil, with analysts and investors closely monitoring its performance.
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