Murphy Oil Corporation (MUR) has been under a strong bear grip, hence the stock is down -11.47% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.99% in the past 1 week. The stock has risen by 1.42% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.26% in the past 4 weeks.
Murphy Oil Corporation (NYSE:MUR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.18 and $26.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.82, notching a gain of 2.85% for the day. The total traded volume was 3,758,943 . The stock had closed at $27.05 on the previous day.
The stock has recorded a 20-day Moving Average of 4.71% and the 50-Day Moving Average is 7.59%. Murphy Oil Corporation has dropped 7.24% during the last 3-month period . Year-to-Date the stock performance stands at 28.04%.
Murphy Oil Corporation (MUR) : Average target price received by Murphy Oil Corporation (MUR) is $31.88 with an expected standard deviation of $5.49. The most aggressive target on the stock is $42, whereas the most downbeat target is $26. 8 financial analysts are currently covering the stock.
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.