Murphy Oil Corporation (MUR) has risen sharply, recording gains of 5.14% in the past 4 weeks. However, the stock has corrected -4.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.36% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.23% and the fifty day Moving Average is 1.75%. Murphy Oil Corporation has dropped 5.17% during the last three month period . Year-to-Date the stock performance stands at 33.94%.
Murphy Oil Corporation (MUR) : The consensus price target for Murphy Oil Corporation (MUR) is $32.63 for the short term with a standard deviation of $6.72. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $44, however, the pessimist price target for the company is $26.
Murphy Oil Corporation (NYSE:MUR): On Fridays trading session , Opening price of the stock was $29.1 with an intraday high of $29.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.51. However, the stock managed to close at $28.84, a loss of 0.35% for the day. On the previous day, the stock had closed at $28.94. The total traded volume of the day was 1,936,176 shares.
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.