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Murphy Oil (MUR -6.2%) shares slide after Q1 earnings and revenues miss analyst targets, and the...
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Thursday, May 3, 2012, 3:40 PM ETMurphy Oil (MUR -6.2%) shares slide after Q1 earnings and revenues miss analyst targets, and the company lowers guidance on full-year 2012 production to ~193,000 boepd, the eighth full-year guidance reduction in the last nine quarters. UBS maintains its Neutral rating on the stock but cuts its price target to $60 from $66.
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