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

Roth Capital analyst Leo Mariani lowered the firm’s price target on Murphy Oil (MUR) to $27 from $28 and keeps a Buy rating on the shares. Murphy Oil’s Q1 cash flow per share was 1% above consensus and 2025 guidance for capital expenditures and production was maintained, though the company expects production at the low end of the prior range, the analyst tells investors in a research note. The firm reduced its 2025 estimate by 2% due to lower production and slightly higher costs.

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