BMO Capital lowered the firm’s price target on Murphy Oil (MUR) to $35 from $37 and keeps a Market Perform rating on the shares. The firm is lowering estimates following Murphy’s Q4 in line results, while 2026 production outlook was below expectations on Montney royalties and Gulf of America, the analyst tells investors in a research note. The company screens high on free cash flow breakeven, although leverage should remain low, BMO added.
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