Shares of Murphy Oil Corporation (NYSE:MUR) traded today at $24.27, eclipsing its 52-week high. This new high was reached on below average trading volume as 713,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.
Over the past year, Murphy Oil Corporation has traded in a range of $7.00 to $24.27 and is now at $24.08, 244% above that low.
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.
Murphy Oil Corporation (NYSE:MUR) has potential upside of 11.8% based on a current price of $24.08 and analysts’ consensus price target of $26.93.
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