Murphy Oil price target raised to $25 from $24 at Roth Capital

Roth Capital raised the firm’s price target on Murphy Oil (MUR) to $25 from $24 and keeps a Neutral rating on the shares after Q3 cash flow per share of $2.77 came in 14% above consensus and Q4 oil production guidance came in about 2% above the firm’s estimate. The firm is raising its 2025 and 2026 cash flow per share estimates by 5% and 3%, respectively, on higher production and lower lease operating expense estimates.