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Stock impact report

Murphy Oil (MUR) Soars to 52-Week High on 21% Price Target, Rating Upgrade [Yahoo! Finance]

Murphy Oil Corporation (MUR) 
Last murphy oil corporation earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.murphyoilcorp.com
Company Research Source: Yahoo! Finance
Murphy Oil rallied to a new 52-week high on Friday, as investors snapped up shares after an investment firm upgraded its rating and price target by 21 percent on optimism for its ongoing oil drilling program in Vietnam. At intra-day trading, the stock soared to a record high of $36.90 before paring gains to finish the session just up by 6.02 percent at $36.81 apiece. In a market note during the day, Piper Sandler raised Murphy Oil Corp. (NYSE:MUR) to “overweight” from “neutral,” and boosted its price target to $41 from $33 previously. Murphy Oil (MUR) Soars to 52-Week High on 21% Price Target, Rating Upgrade The coverage reflected its optimism that Murphy Oil Corp. (NYSE:MUR) would be able to find more oil sources at the Hai Su Vang (HSV) field in the Cuu Long Basin, which could serve as a huge catalyst for the company in the first half of the year. Murphy Oil Corp. (NYSE:MUR) is currently underway with the drilling of the HSV project to measure the field's size and commerc Show less Read more
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