Murphy Oil price target lowered to $35 from $37 at Roth MKM

Roth MKM lowered the firm’s price target on Murphy Oil (MUR) to $35 from $37 and keeps a Buy rating on the shares following the Q4 report. The firm cut its 2025 earnings estimate by 6% to reflect lower production and slightly higher costs. Murphy’s Q1 oil production guidance Is 10% below Roth’s estimate and its total production outlook is 9% below, the analyst tells investors in a research note. The firm continues to like the company’s cash flow yield, improving balance sheet, potential from its Vietnam assets, and increasing returns of capital to shareholders over time.