# Murphy Oil Corporation (MUR)

> Source: Nexqual · https://nexqual.com/MUR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Murphy Oil Corporation (MUR), nexqual.com/MUR" · informational, not investment advice.

**Price:** USD 42.37 (-1.37% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 42.96 · day 41.16–43.75 · 52w 26.49–43.75 · market cap $6.07B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.01B, net income $294M (9.8% margin) (SEC filings).
- Valuation: P/E 20.7x (avg 21.5x at the last 3 fiscal year-ends), EV/EBITDA 4.5x, net debt $1.07B.
- 1 of 80 tracked superinvestors hold MUR (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 2.94 on a 1–5 scale) (17 analysts), mean target USD 41.93 (range 34–54).
- Total return with dividends: 1Y +49.9% vs S&P 500 +14.9%; 5Y +75.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.94, revenue estimate $787M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.80B | $4.22B | $3.46B | $3.03B | $2.72B | $3.01B |
| Gross profit | $2.80B | $4.05B | $3.41B | $3.03B | $2.72B | — |
| Operating income | $281M | $1.59B | $1.04B | $603M | $301M | $558M |
| Net income | -$73.7M | $965M | $662M | $407M | $104M | $294M |
| EPS (diluted) | -$0.48 | $6.13 | $4.22 | $2.70 | $0.72 | — |
| Gross margin | 100.0% | 95.9% | 98.5% | 99.9% | 100.0% | — |
| Operating margin | 10.0% | 37.6% | 30.1% | 19.9% | 11.1% | 18.6% |
| Net margin | -2.6% | 22.9% | 19.1% | 13.4% | 3.8% | 9.8% |
| Revenue growth | +42.4% | +50.7% | -18.0% | -12.5% | -10.2% | — |
| Cash + short-term investments | $521M | $492M | $317M | $424M | $377M | — |
| Total debt | $2.46B | $1.82B | $1.32B | $1.27B | $1.27B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 20.7x · P/S 2.0x · EV/EBITDA 4.5x · EV/Sales 2.4x · P/B 1.1x · Earnings yield 4.84% · Dividend yield (paid, TTM) 3.18% · Buyback yield (TTM) 0.01% · Net debt $1.07B · EV $7.14B
P/E at fiscal year-ends: Dec 2025 43.2x, Dec 2024 11.2x, Dec 2023 10.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold MUR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.03% | $16.2M | Added +141.5% |

## Analysts
Consensus Hold (mean 2.94 on a 1–5 scale), 17 analysts; mean target USD 41.93 (low 34, high 54).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Scotiabank | Initiated | Sector Perform | $41 |
| 2026-10-15 | Morgan Stanley | Target raised | Underweight | $36 → $37 |
| 2026-10-14 | Mizuho | Target raised | Neutral | $41 → $44 |
| 2026-10-14 | UBS | Target raised | Neutral | $38 → $40 |
| 2026-09-29 | Wells Fargo | Target raised | Equal-Weight | $42 → $43 |
| 2026-09-15 | Keybanc | Target raised | Overweight | $43 → $47 |
| 2026-09-14 | Wells Fargo | Target raised | Equal-Weight | $41 → $42 |
| 2026-09-03 | Seaport Global | Initiated | Neutral |  |
| 2026-09-02 | Wells Fargo | Target lowered | Equal-Weight | $45 → $41 |
| 2026-08-14 | Barclays | Downgrade | Equal-Weight → Underweight | $38 → $34 |
| 2026-08-13 | Wells Fargo | Target raised | Equal-Weight | $42 → $45 |
| 2026-08-13 | Keybanc | Target lowered | Overweight | $48 → $43 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +49.9% | +75.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +50.1% | +11.8% |
| Volatility (annualized) | 46.6% | 44.4% |
| Max drawdown | -25.6% (Apr 2026→Jul 2026) | -55.8% (Apr 2024→Apr 2025) |

## Peers (Oil & Gas E&P)
MGY (Magnolia Oil & Gas Corporation) USD 25.27 -0.63% · CNX (CNX Resources Corporation) USD 35.73 +1.62% · MTDR (Matador Resources Company) USD 56.79 -1.66% · CRGY (Crescent Energy Company) USD 13.33 -1.26% · VIST (Vista Energy S.A.B. de C.V.) USD 70.61 -1.16% · CRC (California Resources Corporatio) USD 52.96 -1.08%

## More
Full page: https://nexqual.com/MUR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Revenue from production | $926.3M | 100.0% | +35.6% |
| — Net crude oil and condensate revenue (part of Revenue from production) | $832.2M | 89.8% | +45.9% |
| — Net natural gas revenue (part of Revenue from production) | $70.3M | 7.6% | -24.3% |
| — Net natural gas liquids revenue (part of Revenue from production) | $23.8M | 2.6% | +20.9% |
| Total revenue | $926.3M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 19%, 12% of revenue from unnamed direct customers (10-K, filed 2026-02-25).

## Company outlook (8-K filed 2026-08-05)

- "Range Announced Oil Discovery at Bubale-1X in Côte d'Ivoire Advanced Lac Da Vang (Golden Camel) Development Project toward First Oil, Completing Pipeline Work and Launching the FSO HOUSTON, Texas, August 5, 2026 – Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.94 | $0.71 | +32.4% | $787.1M | 16 |
| Next quarter (ends 2026-12-31) | $1.45 | $0.83 | +73.9% | $895.0M | 15 |
| Current fiscal year (ends 2026-12-31) | $4.11 | $3.44 | +19.4% | $3.34B | 16 |
| Next fiscal year (ends 2027-12-31) | $3.81 | $3.05 | +24.7% | $3.31B | 15 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±11.2%; last 8 reports averaged ±5.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 48.7% | ±11.2% |
| 2026-12-18 | 56 | 47.4% | ±14.9% |
| 2027-01-15 | 84 | 45.0% | ±15.7% |
| 2027-04-16 | 175 | 45.2% | ±24.5% |
| 2027-05-21 | 210 | 45.1% | ±26.8% |
| 2027-06-17 | 237 | 44.2% | ±27.7% |
| 2027-08-20 | 301 | 47.8% | ±33.4% |