Stock Alert: Murphy Oil Soars 8%

Shares of oil exploration company Murphy Oil Corp. (MUR) are climbing 8 percent on Tuesday's trading despite there being no company announcement to influence the stock.

In May, the company posted first-quarter net loss of $287.44 million or $1.87 per share, lower than net loss of $416.10 million or $2.71 in the same period last year.

Quarterly revenue declined to $379.98 million from $1.00 billion a year ago.

The stock is currently trading at $23.45, up $1.76 or 8% on the NYSE.

MUR has traded between $7.00 and $23.57 during the past 52 weeks.

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