Murphy Oil Corporation (NYSE: MUR) shares rallied sharply in recent trading, closing at $36.81 on March 13, 2026, up $2.09 or 6.02% from the prior session, marking a new 52-week high amid a wave of positive analyst actions, promising developments in its Vietnam operations and sustained crude oil prices bolstered by geopolitical tensions.
The stock opened at $34.60, reached an intraday peak of $36.90 and traded on elevated volume of more than 6.3 million shares, well above the average. After-hours trading saw modest additional gains to around $36.86, with pre-market indications on March 16 pointing to continued momentum near $37 levels. The surge propelled Murphy Oil's market capitalization to approximately $5.26 billion, reflecting renewed investor confidence in the independent exploration and production company's offshore-focused strategy.
