Murphy Oil (MUR) Gained Almost 11% This Week. Here is Why.

The share price of Murphy Oil Corporation (NYSE:MUR) surged by 10.91% between July 7 and July 11, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Murphy Oil (MUR) Gained Almost 11% This Week. Here is Why.

A large oil tanker being filled up in a refinery, a symbol of the company’s vast energy production.

Murphy Oil Corporation (NYSE:MUR) drills for and produces oil and natural gas from several operated and non-operated fields across more than 100 blocks in the deepwater Gulf of America.

Murphy Oil Corporation (NYSE:MUR) shot up this week after the analysts at Scotiabank raised the stock’s price target from $22 to $26, while maintaining a ‘Sector Perform’ rating on its shares. The revision comes as Scotiabank updates its price targets of the U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage.

It is worth mentioning that Murphy Oil Corporation (NYSE:MUR) reported a mixed performance in Q1 2025, beating estimates in earnings but falling just short in revenue. The company also repurchased $100 million worth of its stock during the quarter.

While we acknowledge the potential of MUR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MUR and that has 100x upside potential, check out our report about this cheapest AI stock.

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