Goldman Sachs (NYSE:GS) raised their price target on Murphy Oil (NYSE:MUR) from $61 to a hefty $67 a share, while maintaining their "Buy' rating on the energy company.
Murphy Oil was upgraded from "Neutral" to "Buy" on July 16.
Goldman's continued support of Murphy comes from their belief they'll become the first integrated oil business to be acknowledged for their expansion strategy in North America.
Murphy was down to $56.02 a share, a loss of $1.22, or 2.13 percent, as of 3:17 PM EDT.
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