Brokerage Firm Rating Update on Murphy Oil Corporation (MUR)

Murphy Oil Corporation (MUR) has an average broker rating of 2.97, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 considers that the stock is a Sell.

Murphy Oil Corporation (MUR) : The most positive equity analysts on Murphy Oil Corporation (MUR) expects the shares to touch $44, whereas, the least positive believes that the stock will trade at $26 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $32.63 with an expected fluctuation of $6.72 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm UBS maintains its rating on Murphy Oil Corporation (NYSE:MUR). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at UBS lowers the price target from $33 per share to $29 per share. The rating by the firm was issued on July 28, 2016.

Murphy Oil Corporation (NYSE:MUR): The stock opened at $27.57 and touched an intraday high of $28.26 on Wednesday. During the day, the stock corrected to an intraday low of $27.32, however, the bulls stepped in and pushed the price higher to close in the green at $27.85 with a gain of 1.90% for the day. The total traded volume for the day was 3,234,716. The stock had closed at $27.33 in the previous trading session.

Murphy Oil Corporation is an oil and gas exploration and production company. The Companys exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. This business maintains upstream operating offices in locations, including Calgary, Alberta and Kuala Lumpur, Malaysia. The Companys crude oil, condensate and natural gas liquids production, as of 2014 averaged 151,647 barrels per day. The Company has operations in United States, Canada, Malaysia and all other countries, including Australia, Brunei, Vietnam, Suriname, Cameroon and Equatorial Guinea, among others. As of December 31, 2014, total United States proved reserves were 204.9 million barrels of crude oil, 29.1 million barrels of natural gas liquids and 226 billion cubic feet of natural gas. In Canada, it owns an interest in three non-operated assets, the Hibernia and Terra Nova fields offshore Newfoundland in the Jeanne dArc Basin and Syncrude Canada Ltd.

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