Why These Energy Stocks are Gaining This Week

5. Murphy Oil Corporation (NYSE:MUR)

Share Price Gains Between July 7 – July 11: 10.91%

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.