Murphy Oil price target lowered to $34 from $37 at Barclays

Barclays lowered the firm’s price target on Murphy Oil (MUR) to $34 from $37 and keeps an Equal Weight rating on the shares. The company’s earnings print was weaker than tempered expectations with a large 4Q miss, lower than expected guidance, and higher capex, which puts Murphy Oil’s long-term growth trajectory in question, the analyst tells investors in a research note.