Home / Basic Materials / Murphy Oil Corporation (MUR) Boosts Basic Materials Sector with Early Advance of 4.05% on September 22

Murphy Oil Corporation (MUR) Boosts Basic Materials Sector with Early Advance of 4.05% on September 22

Murphy Oil Corporation (MUR” target=”_new”>MUR) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of MUR” target=”_new”>MUR have climbed 4.05% about 30 minutes into the session to $27.48 after closing the day prior at $26.41. It’s early, but the stock has traded as high as $27.63 and as low as $26.83 so far. Today’s quick advance has come with about 148,198 shares changing hands, compared to an average 30-day volume of 2.94 million for Murphy Oil Corporation. The price is currently below the 30-day volume weighted average price of $27.24 for MUR” target=”_new”>MUR.

The share appreciation gives the company a market capitalization of $4.55 billion based upon 172.2 million shares outstanding. It also means that MUR has a price-to-book ratio of 0.88:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of MUR” target=”_new”>MUR have traded as low as $14.3 and as high as $37.48. Technical traders will take note that at $27.48, shares of MUR” target=”_new”>MUR are trading above their 200-day MA at $25.54 and below their 50-day MA at $28.15. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is MUR?

Murphy Oil Corp is an oil & gas exploration and production company with operations in the United States, Canada, Malaysia and all other countries. The company’s 1258 employees are led by CEO Roger W. Jenkins from the corporate headquarters at 200 Peach Street.

For more information on MUR and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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