Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Murphy Oil Corporation (NYSE: MUR) hit a new 52-week high Friday as it is currently trading at $65.69, above its previous 52-week high of $65.68 with 1.3 million shares traded as of 3:25 p.m. ET. Average volume has been 1.5 million shares over the past 30 days. Murphy Oil has a market cap of $12.04 billion and is part of the basic materials sector and energy industry. Shares are up 7.6% year to date as of the close of trading on Thursday. Murphy Oil Corporation engages in the exploration and production of oil and gas properties worldwide. It is also involved in oil and gas refining and marketing activities. The company explores for and produces crude oil, natural gas, and natural gas liquids. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7.
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