Goldman Sachs Downgrades Murphy Oil To Sell

Analysts at Goldman Sachs downgraded

from Neutral to Sell. The price target for Murphy Oil has been lowered from $49.00 to $38.00. Murphy Oil shares have dropped 26.73 percent over the past 52 weeks, while the S&P 500 index has surged 12.61 percent in the same period. Murphy Oil shares fell 0.74 percent to $44.19 in pre-market trading.