Murphy Oil Corporation (MUR) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $19.6 million worth of transactions were on upticks, whereas, the downticks accounted for $11.02 million worth of transactions. The net money flow was a positive $8.57 million and the uptick to downtick ratio was 1.78. The net money flow into the stock was $8.02 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $8.02 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Murphy Oil Corporation (MUR) was trading at $29.02, down $0.09 during day. The stock slid -0.31% over the previous days close. For the week, the stock recorded -8.94% over the previous weeks close.
Murphy Oil Corporation (MUR) : The highest short term price target forecast on Murphy Oil Corporation (MUR) is $42 and the lowest target price is $26. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $32.75 with a standard deviation of $5.52.
Murphy Oil Corporation (NYSE:MUR): On Fridays trading session , Opening price of the stock was $29.41 with an intraday high of $29.511. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.57. However, the stock managed to close at $29.02, a loss of 0.31% for the day. On the previous day, the stock had closed at $29.11. The total traded volume of the day was 2,865,424 shares.
In a related news, Gardner John B, officer (Vice President & Treasurer) of Murphy Oil Corp /De, unloaded 1,246 shares at an average price of $29.39 on May 23, 2016. The total amount of the transaction was worth $36,620, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.