Murphy Oil Corporation (MUR) : 11 analysts are covering Murphy Oil Corporation (MUR) and their average rating on the stock is 3.15, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 2 more analyst has given the stock a Sell recommendation. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Murphy Oil Corporation (MUR) : The consensus price target for Murphy Oil Corporation (MUR) is $29.38 for the short term with a standard deviation of $6.26. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $36, however, the pessimist price target for the company is $18.
Murphy Oil Corporation (NYSE:MUR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.87 and $29.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.72, notching a gain of 2.09% for the day. The total traded volume was 3,547,410 . The stock had closed at $30.09 on the previous day.
Also, Major Brokerage house, Raymond James upgrades its ratings on Murphy Oil Corporation (NYSE:MUR). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 20, 2016. The company shares have dropped -25.35% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $41.33 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $30.53 and the 200 Day Moving Average price is recorded at $25.19.
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.