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Murphy Oil Corp Looks to Continue to Trade Below its Annual-Low Share Price Today

By Nick Russo

Shares of Murphy Oil Corp (NYSE:MUR) traded at a new 52-week low today of $17.99. So far today approximately 433,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.

In the past 52 weeks, shares of Murphy Oil Corp have traded between the current low of $17.99 and a high of $36.53 and are now at $17.99. The 200-day and 50-day moving averages have moved 0.71% lower and 1.43% lower over the past week, respectively.

Murphy Oil Corp (NYSE:MUR) has potential upside of 83.8% based on a current price of $17.99 and analysts' consensus price target of $33.07. The stock should find initial resistance at its 50-day moving average (MA) of $23.13 and further resistance at its 200-day MA of $27.01.

SmarTrend is monitoring the recent change of momentum in Murphy Oil Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Murphy Oil Corp in search of a potential trend change.

Keywords: 52 week high/lows murphy oil corp

Ticker(s): MUR