Murphy Oil price target lowered to $27 from $28 at Roth Capital

From Yahoo Finance: 2025-05-09 10:32:00

Roth Capital analyst Leo Mariani lowered Murphy Oil’s price target to $27 from $28, maintaining a Buy rating. Q1 cash flow per share was 1% above consensus, with 2025 guidance for capital expenditures and production maintained. However, production is expected at the low end of the prior range, leading to a 2% reduction in the 2025 estimate due to lower production and slightly higher costs.

Read more: Murphy Oil price target lowered to $27 from $28 at Roth Capital