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Zacks Investment Research issued a report on Murphy Oil Corporation (NYSE:MUR), raising its target price to $33.00 today

Yesterday Murphy Oil Corporation (NYSE:MUR) traded -1.95% lower at $28.72. MUR’s 50-day average is $28.05 and its two hundred day average is $29.27. With the last stock price close down -1.89% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 1,998,487 shares of MUR changing hands under the typical 3,344,850

Murphy Oil Corporation (NYSE:MUR) had its stock price target increased to $33.00 by Zacks Investment Research in an issued report issued Wednesday October 12, 2016. The updated stock price target indicates a possible upside of 0.15% from the company's last stock close price.

Previously on 7/13/2016, Barclays Capital reported on Murphy Oil Corporation (NYSE:MUR) upped the target price from $33.00 to $42.00. At the time, this indicated a possible upside of 0.32%.

Recent Performance Chart

Murphy Oil Corporation (NYSE:MUR)

With a total market value of $0, Murphy Oil Corporation has with a one year low of $14.30 and a one year high of $37.48 .

A total of 17 analysts have released a research note on MUR. 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 14 brokerages rating the stock a hold, 4 brokerages rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $29.06.

About Murphy Oil Corporation (NYSE:MUR)

Murphy Oil Corporation 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. The Company's exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries. The Company's principal exploration and production activities are conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, Vietnam, and Namibia by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The Company's crude oil, condensate and natural gas liquids production averages to approximately 136,634 barrels per day.

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