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Murphy Oil ( (MUR) ) just unveiled an update.
On January 23, 2026, Murphy Oil closed a $500 million offering of 6.500% notes maturing in 2034, issued under its existing indenture structure and sold through a syndicate of underwriters. The company plans to use the proceeds to redeem in full its 5.875% notes due 2027 and 6.375% notes due 2028, repay borrowings under its revolving credit facility, cover transaction-related costs and fund general corporate purposes, a move that reshapes its debt maturity profile and may lower near‑term refinancing and liquidity risk while adding longer-duration fixed‑rate capital under covenants that restrict additional liens, certain sale-leasebacks, major asset transfers and new subsidiary indebtedness.
The most recent analyst rating on (MUR) stock is a Sell with a $25.00 price target. To see the full list of analyst forecasts on Murphy Oil stock, see the MUR Stock Forecast page.
Spark’s Take on MUR Stock
According to Spark, TipRanks’ AI Analyst, MUR is a Neutral.
The score is driven primarily by solid underlying financial performance—especially strong free cash flow generation and moderate leverage—supported by a positive, execution-focused earnings update and liquidity-enhancing corporate actions. Offsetting these positives are weak near-term technicals and a mixed valuation profile (high P/E despite a strong dividend yield).
To see Spark’s full report on MUR stock, click here.
More about Murphy Oil
Average Trading Volume: 2,161,990
Technical Sentiment Signal: Buy
Current Market Cap: $4.34B
For an in-depth examination of MUR stock, go to TipRanks’ Overview page.