Barclays keeps Underweight on CNX Resources and Murphy Oil, lifts price targets
Barclays kept Underweight ratings on CNX Resources and Murphy Oil and raised their price targets by 2.9%, to $36 and $35, TradingView reports.
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what happened
Barclays analysts retained Underweight ratings on shares of CNX Resources and Murphy Oil. According to TradingView, the bank raised both price targets by 2.9%: CNX Resources moved from $35 to $36, and Murphy Oil from $34 to $35.
The CNX Resources target implies a 1.1% decline from the November 12 close of $36.40. For Murphy Oil, the target points to a 3.7% drop from the $36.33 close on the same day.
The TradingView overview also lists recent analyst calls over the past 30 days: CNX Resources targets ranged from $34 to $39, while Murphy Oil targets spanned $37 to $44.
why it matters
A single bank's target change rarely moves shares of large oil and gas producers, but it signals that Barclays remains cautious on both stocks. Broader gas and oil price trends and company earnings usually matter more for the sector.
tags
instruments
sources
- Barclays maintains CNX Resources at Underweight, raises price target to $36 from $35 — TradingView, 13 November 2026 at 15:20 UTC
- Barclays maintains Murphy Oil at Underweight, raises price target to $35 from $34 — TradingView, 13 November 2026 at 15:36 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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