Murphy Oil Corporation (MUR) : Zacks Investment Research ranks Murphy Oil Corporation (MUR) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.97, which indicates as a Hold.
Murphy Oil Corporation (MUR) : The highest short term price target forecast on Murphy Oil Corporation (MUR) is $44 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 $32.63 with a standard deviation of $6.72.
Also, Equity Analysts at the Brokerage Firm, UBS, maintains their rating on the shares of Murphy Oil Corporation (NYSE:MUR). UBS has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $29 per share from a prior target of $33. The rating by the firm was issued on July 28, 2016.
Murphy Oil Corporation (NYSE:MUR): After opening at $25.45, the stock dipped to an intraday low of $25.24 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.36 and the buying power remained strong till the end. The stock closed at $25.89 for the day, a gain of 2.98% for the day session. The total traded volume was 3,000,048. The stocks close on the previous trading day was $25.14.
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.