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Murphy Oil Corporation 4.3% Potential Decrease Indicated by UBS

Murphy Oil Corporation with TICKER NYSE:MUR has had its stock rating noted as ‘Downgrade’ with the recommendation being set at ‘SELL’ this morning by analysts at UBS. Murphy Oil Corporation are listed in the Energy sector within NYSE. UBS have set a target price of 41 USD on its stock. This is indicating the analyst believes there is a potential downside of 4.3% from the opening price of 42.83 USD. Murphy Oil Corporation NYSE:MUR has a 50 day moving average of 45.55 USD and a 200 day moving average of 49.53 USD. The 52 week high for the stock is 68.43 USD while the year low share price is currently 41.78 USD.

 

Murphy Oil Corporation NYSE:MUR 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. This business maintains upstream operating offices in locations, including Calgary, Alberta and Kuala Lumpur, Malaysia. The Company’s 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 d’Arc Basin and Syncrude Canada Ltd.