Murphy Oil Corporation (NYSE:MUR) traded at a new 12-month high today of $40.71. So far today approximately 454,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.
Murphy Oil is an independent exploration and production company developing unconventional resources in the United States and Canada. At the end of 2021, the company reported net proved reserves of 699 million barrels of oil equivalent. Consolidated production averaged 167.4 thousand barrels of oil equivalent per day in 2021, at a ratio of 63% oil and natural gas liquids and 37% natural gas.
Murphy Oil Corporation is currently priced 4.8% above its average consensus analyst price target of $38.71.
In the past 12 months, shares of Murphy Oil Corporation have traded between a low of $14.91 and a high of $40.71 and are now at $40.65, which is 173% above that low price.
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