KeyBanc raised the firm’s price target on Murphy Oil to $53 from $47 and keeps an Overweight rating on the shares. The recent drop in the natural gas rig count and the ongoing demand-driven recalibration of inventories create a more attractive supply/demand setup into winter, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MUR: