Zacks Rating on Murphy Oil Corporation (MUR)

Murphy Oil Corporation (MUR) : 1 brokerage houses believe that Murphy Oil Corporation (MUR) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Murphy Oil Corporation (MUR). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 2.97.

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.


Shares of Murphy Oil Corporation rose by 2.93% in the last five trading days and 6.26% for the last 4 weeks. Murphy Oil Corporation has dropped 0.56% during the last 3-month period . Year-to-Date the stock performance stands at 38.49%. Murphy Oil Corporation (NYSE:MUR): stock turned positive on Tuesday. Though the stock opened at $29.02, the bulls momentum made the stock top out at $29.82 level for the day. The stock recorded a low of $28.88 and closed the trading day at $29.82, in the green by 2.58%. The total traded volume for the day was 2,659,426. The stock had closed at $29.07 in the previous days trading.

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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