Moody's confirms Murphy Oil's ratings, negative outlook Moody's Investors Service confirmed Murphy Oil Corporation's Baa3 senior unsecured ratings. This concludes the review for downgrade that began on October 17. The rating outlook is negative.
Murphy Oil downgraded to Sell from Neutral at UBS UBS analyst William Featherston downgraded Murphy Oil to Sell citing the stock's premium valuation relative to peers and the company's declining production and below average inventory. The analyst cut his price target for shares to $41 from $45.