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Equities research analysts at RBC Capital lowered their target price on shares of Murphy Oil (NYSE:MUR) from $65.00 to $64.00 in a research note issued to investors on Friday. RBC Capital’s price objective suggests a potential upside of 4.01% from the stock’s previous close.

Shares of Murphy Oil (NYSE:MUR) traded down 0.97% during mid-day trading on Friday, hitting $61.53. 2,145,238 shares of the company’s stock traded hands. Murphy Oil has a one year low of $54.67 and a one year high of $68.43. The stock has a 50-day moving average of $65.99 and a 200-day moving average of $62.11. The company has a market cap of $11.041 billion and a P/E ratio of 12.65.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.21 by $0.31. During the same quarter in the prior year, the company posted $1.75 earnings per share. Analysts expect that Murphy Oil will post $5.26 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Murphy Oil from $65.00 to $74.00 in a research note on Friday, July 25th. They now have an “equal weight” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Murphy Oil from $76.00 to $80.00 in a research note on Thursday, July 17th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Murphy Oil in a research note on Tuesday, June 10th. They set a “hold” rating and a $76.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Murphy Oil currently has an average rating of “Hold” and a consensus target price of $67.30.

Murphy Oil Corporation is a worldwide oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom.

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