Roth Capital analyst Leo Mariani reiterated a Neutral rating and $25 price target on Murphy Oil (MUR) after the company announced the “successful” Hai Su Vang appraisal in Vietnam. The firm expects Murphy to have a positive reaction compared to peers on Wednesday after the news. The firm added it remains Neutral on Murphy Oil based on its lower free cash flow yield versus peers, recent struggles with operational execution, and less ability to return capital to shareholders in a weaker oil price environment.
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