Murphy Oil Corporation (NYSE:MUR) traded at a new 52-week high today of $32.94. So far today approximately 331,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.
Potential upside of 157.2% exists for Murphy Oil Corporation, based on a current level of $32.57 and analysts’ average consensus price target of $83.78.
In the past 52 weeks, Murphy Oil Corporation share prices are bracketed by a low of $11.66 and a high of $32.94 and is now at $32.57, 179% above that low price.
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.
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