Barclays keeps Sell rating for Murphy Oil stock

Published on 10/06/2026 at 02:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays set a USD 34.00 target on October 5, 2026. Murphy Oil stock posted USD 928.30 million revenue in second-quarter 2026, up 33.50 percent.

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Barclays analyst Betty Jiang maintained a Sell rating on Murphy Oil and set a USD 34.00 price target on October 5, 2026, according to Markets Insider. Murphy Oil stock is the market's immediate test of whether stronger operating results can offset a more demanding capital program.

Barclays sets a USD 34.00 target

The target sits below the consensus target of USD 39.25 cited in the same October 5 report, creating a clear gap between Barclays' view and the broader analyst average. The report also identifies Murphy Oil's second-quarter revenue at USD 928.31 million and net profit at USD 232.18 million, compared with USD 683.07 million and USD 22.28 million in the year-earlier quarter.

The latest quarterly detail from Zacks shows adjusted earnings of USD 1.55 per share in the second quarter of 2026, versus a USD 1.51 consensus estimate. GAAP earnings per share reached USD 1.59, compared with USD 0.16 in the second quarter of 2025, while revenue increased 33.50 percent year over year.

Capital spending reshapes the outlook

Murphy Oil produced 169,000 barrels of oil equivalent per day in the second quarter of 2026, according to StockTitan. The company guides to 167,000 to 175,000 barrels of oil equivalent per day for full-year 2026 and 171,000 to 179,000 for the third quarter.

The same company filing says Murphy Oil lifted its 2026 capital spending plan to USD 1.50 billion to USD 1.60 billion from an original USD 1.25 billion. The increase funds the Bubale discovery and appraisal work, faster Eagle Ford activity and the Chinook number 8 well, while the company reported USD 110.00 million of free cash flow and USD 2.50 billion of liquidity for the second quarter.

NYSE context and next results date

On the NYSE, Murphy Oil was last at USD 38.39 on October 5, 2026 at 4:00 p.m. EDT, versus a USD 37.66 prior close. Its market capitalization was USD 5.5 billion, and the 52-week range was USD 26.49 to USD 43.34 as of that date.

Murphy Oil is scheduled to report third-quarter 2026 results on November 5, 2026, according to StockTitan. Lang & Schwarz lists the prior close at EUR 34.20 for October 2, 2026; its latest dated entry is October 5, 2026 at 10:59 p.m. CEST.