Shares of Murphy Oil Corporation (NYSE:MUR) traded today at $32.12, eclipsing its 52-week high. Approximately 425,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 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 share prices have moved between a 52-week high of $32.12 and a 52-week low of $11.66 and are now trading 169% above that low price at $31.43 per share.
Murphy Oil Corporation has overhead space with shares priced $31.43, or 63.8% below the average consensus analyst price target of $86.77.
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