MUR
Murphy Oil Corporation
MUR's fundamentals are strong: its operating margin rose 14 points to 26% and it turned 56% of its revenue into free cash flow. At 11x earnings, it's trading above its usual 9.6x. Analysts expect strong earnings growth, though they disagree widely on how much.
MUR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
MUR's revenue, profitability, cash flow and balance sheet are all currently healthy.
MUR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5x | $16.10 | -56% |
| Forward | 8.7x | $36.33 | — |
| Fair | 9.5x | $30.59 | -16% |
| Current | 11x | $36.33 | — |
| Expensive | 32x | $101 | +179% |
Historical ranges are pointers, not guarantees.
MUR's PE is in its expensive range at 11x. If earnings grow as analysts expect, today's price would be 8.7x next year's earnings, in its fair range.
MUR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for MUR, with profitability improving. However, they disagree widely on these estimates.
MUR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.18 | +30% |
| Q3 2026 | $3.21 | +228% |
| Q2 2026 | $2.02 | +4.7% |
| Q1 2026 | $0.59 | -77% |
| Q4 2025 | $0.72 | -73% |
| Q3 2025 | $0.98 | -68% |
| Q2 2025 | $1.93 | -49% |
| Q1 2025 | $2.60 | -28% |
| Q4 2024 | $2.69 | -36% |
MUR's earnings per share have fallen from their peak: $3.21 over the past year, against $8.07 in early 2023.
MUR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $855M | +17% |
| Q2 2026 | $928.3M | +33% |
| Q1 2026 | $733.6M | +10% |
| Q4 2025 | $613.1M | -8.4% |
| Q3 2025 | $733M | -3.3% |
| Q2 2025 | $695.6M | -13% |
| Q1 2025 | $665.7M | -16% |
| Q4 2024 | $669.6M | -20% |
MUR's revenue is recovering but still below its 2022 peak: $855M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | +29 points |
| Q2 2026 | 38% | +25 points |
| Q1 2026 | 19% | -2.8 points |
| Q4 2025 | 9.7% | -3 points |
| Q3 2025 | 0.8% | -23 points |
| Q2 2025 | 13% | -9.7 points |
| Q1 2025 | 22% | +2.3 points |
| Q4 2024 | 13% | -11 points |
MUR's operating margin was 30% last quarter, up 29 points from the same quarter a year ago.
MUR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $540.5M | +59% |
| Q2 2026 | $655.9M | +83% |
| Q1 2026 | $321.2M | +6.8% |
| Q4 2025 | $249.6M | -42% |
| Q3 2025 | $339.4M | -21% |
| Q2 2025 | $358.1M | -23% |
| Q1 2025 | $300.7M | -25% |
| Q4 2024 | $433.6M | -20% |
MUR generated $1.8B in free cash flow over the past year, up 23% from the year before.
MUR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -25.5K shares |
| 1 year | +2.4% | +3.4M shares |
| 3 years | -6.8% | -10.7M shares |
| 5 years | -6.3% | -9.8M shares |
| Available history | -11% | -18.7M shares |
MUR has 146M diluted shares, up 2.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $777,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $2.5M |
| Q1 2025 | $100.1M |
| Q4 2024 | $1.2M |
MUR has spent almost nothing on buybacks in the past year.
MUR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 0.6x | Very low |
MUR's net debt is less than a year of its operating earnings (EBITDA).
MUR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.8 | Neutral |
| Stochastic | 48.7 | Neutral |
MUR's weekly RSI is 48 (neutral) and its Stochastic is 49 (neutral).
MUR PE vs Energy Sector
| Metric | MUR | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 14% below |
| PE % | 67 | 61 | 6 pts above |
MUR is trading at 11x earnings, a 14% discount to the Energy sector's median of 13x.
MUR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.4 | 7.7% below |
| 20 week MA | $37.5 | 3% below |
| 50 week MA | $36.4 | 0.1% below |
| 100 week MA | $31.2 | 16% above |
| 200 week MA | $35.6 | 2.1% above |
MUR has slipped below its 8-, 20- and 50-week averages, though it's still 2.1% above its 200-week average.
MUR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.5 | $12.2 | -54% |
| 2021 | $12.2 | $25.8 | +112% |
| 2022 | $25.8 | $43.7 | +70% |
| 2023 | $43.7 | $42.7 | -2.3% |
| 2024 | $42.7 | $28.7 | -33% |
| 2025 | $28.7 | $31.2 | +8.7% |
| 2026 YTD | $31.2 | $36.3 | +17% |
MUR's yearly returns have swung widely, from +112% in 2021 to −54% in 2020. It's up 17% so far in 2026.