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Shares of Murphy Oil Corp Rise Above Previous 52-Week High

By Nick Russo

Shares of Murphy Oil Corp (NYSE:MUR) traded at a new 52-week high today of $36.53. Approximately 3.1 million shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom. The Company also has exploration and production activities in countries that include United States, Canada, the United Kingdom, Malaysia, and Ecuador. Murphy Oil has retail operations as well in the United States.

In the past 52 weeks, shares of Murphy Oil Corp have traded between a low of $24.39 and a high of $36.53 and are now at $36.00, which is 48% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Murphy Oil Corp (NYSE:MUR) is currently priced 8.1% above its average consensus analyst price target of $33.07. Murphy Oil Corp shares have support at the 50-day moving average (MA) of $31.66 and additional support at the 200-day MA of $30.68.

SmarTrend is tracking the current trend status for Murphy Oil Corp and will alert subscribers who have MUR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows murphy oil corp

Ticker(s): MUR