MUR - Shares of Murphy Oil Corporation (MUR) Rise to a New 52-Week High
Shares of Murphy Oil Corporation (NYSE:MUR) traded today at $22.00, eclipsing its 52-week high. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.
Murphy Oil is an independent exploration and production company developing unconventional resources in the United States and Canada. At the end of 2019, the company reported net proven reserves of 800 million barrels of oil equivalent. Consolidated production averaged 186 thousand barrels of oil equivalent per day in 2019, at a ratio of 68% oil and natural gas liquids and 32% natural gas.
Potential upside of 16.1% exists for Murphy Oil Corporation, based on a current level of $21.27 and analysts' average consensus price target of $24.68.
In the past 52 weeks, Murphy Oil Corporation share prices are bracketed by a low of $7.00 and a high of $22.00 and is now at $21.27, 204% above that low price.
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