Murphy Oil Corporation (MUR) : Average target price received by Murphy Oil Corporation (MUR) is $32.63 with an expected standard deviation of $6.72. The most aggressive target on the stock is $44, whereas the most downbeat target is $26. 8 financial analysts are currently covering the stock.
Murphy Oil Corporation (MUR) : The consensus on Murphy Oil Corporation (MUR) based on 10 analyst recommendation on the company stock is 2.97, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Murphy Oil Corporation (MUR).
Also, Brokerage firm UBS maintains its rating on Murphy Oil Corporation (NYSE:MUR). As per the latest information, the brokerage house lowers the price target to $29 per share from a prior target of $33. The shares have been rated Neutral. The rating by the firm was issued on July 28, 2016.
Murphy Oil Corporation (NYSE:MUR): The stock opened at $26.47 on Thursday but the bulls could not build on the opening and the stock topped out at $26.93 for the day. The stock traded down to $25.76 during the day, due to lack of any buying support eventually closed down at $26.39 with a loss of -1.24% for the day. The stock had closed at $26.72 on the previous day. The total traded volume was 3,658,013 shares.
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.