Analyst Rating Update on Murphy Oil Corporation (MUR)

Murphy Oil Corporation (MUR) : 11 analysts are covering Murphy Oil Corporation (MUR) and their average rating on the stock is 2.97, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. 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 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Murphy Oil Corporation (MUR) : Currently there are 8 street experts covering Murphy Oil Corporation (MUR) stock. The most bullish and bearish price target for the stock is $42 and $26 respectively for the short term. The average price target of all the analysts comes to $31.88. The estimated standard deviation from the target is $5.49.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, UBS maintains its rating on Murphy Oil Corporation (NYSE:MUR).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, UBS lowers the new price target from $33 per share to $29 per share. The rating by the firm was issued on July 28, 2016.


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 $25.80 and $25.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.57, notching a gain of 3.26% for the day. The total traded volume was 3,614,892 . The stock had closed at $25.73 on the previous day.

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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