Murphy Oil Corporation (NYSE:MUR) traded at a new 52-week high today of $29.45. This new high was reached on below average trading volume as 699,000 shares traded hands, while the average 30-day volume is approximately 2.2 million shares.
Murphy Oil is an independent exploration and production company developing unconventional resources in the United States and Canada. At the end of 2020, the company reported net proven reserves of 715 million barrels of oil equivalent. Consolidated production averaged 174.5 thousand barrels of oil equivalent per day in 2020, at a ratio of 66% oil and natural gas liquids and 34% natural gas.
Murphy Oil Corporation (NYSE:MUR) has potential upside of 42.3% based on a current price of $29.44 and analysts’ consensus price target of $41.89.
In the past 52 weeks, shares of Murphy Oil Corporation have traded between a low of $7.00 and a high of $29.45 and is now at $29.44, which is 321% above that low price.
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