Murphy Oil Plunges 8.57% on Morgan Stanley Downgrade

Murphy Oil Corporation (MUR) experienced a significant decline, with its stock price dropping by 8.57% on April 8, 2025, marking the fourth consecutive day of losses. Over the past four days, the stock has plummeted by 32.83%, reaching its lowest level since August 2021, with an intraday decline of 10.39%.

Morgan Stanley recently revised its price target for Murphy Oil, lowering it from $37.00 to $32.00 and assigning an "underweight" rating. This adjustment likely contributed to the stock's decline, as investors reacted to the more pessimistic outlook. The technical analysis also indicates negative signals for Murphy Oil, with both short and long-term moving averages suggesting a bearish trend. The increased trading volume during the decline further signals potential for further drops in the coming days. The lack of support below the current price level adds to the risk, making Murphy Oil Corporation a strong sell candidate based on current evaluations.