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Zacks Investment Research downgraded Murphy Oil Corporation (NYSE:MUR) to Hold in a report released today.

Zacks Investment Research has downgraded Murphy Oil Corporation (NYSE:MUR) to Hold in a report released on 03/20/2017.

Previously on 03/07/2017, Zacks Investment Research released a statement about Murphy Oil Corporation (NYSE:MUR) increased the target price from $0.00 to $32.00. At the time, this indicated a possible upside of 0.14%.

Just yesterday Murphy Oil Corporation (NYSE:MUR) traded -0.16% lower at $27.19. Murphy Oil Corporation’s 50-day moving average is $28.08 and its 200-day moving average is $29.35. The last stock price is down -7.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 1,117,254 shares of MUR traded hands, down from an average trading volume of 2,744,100

Recent Performance Chart

Murphy Oil Corporation (NYSE:MUR)

Murphy Oil Corporation has a 52 week low of $23.04 and a 52 week high of $37.48 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $29.06 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 14 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Murphy Oil Corporation (NYSE:MUR)

Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company's exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries. It explores for and produces crude oil, natural gas and natural gas liquids around the world. This business maintains upstream operating offices in several locations around the world, including Houston, Texas, Calgary, Alberta, and Kuala Lumpur, Malaysia. As of December 31, 2016, Murphy's principal exploration and production activities were conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, and Vietnam by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada.

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