Brokers Issue Forecasts for Tullow Oil Plc’s FY2017 Earnings (TUWOY)
Tullow Oil Plc (OTCMKTS:TUWOY) – Analysts at Jefferies Group lifted their FY2017 earnings estimates for shares of Tullow Oil in a note issued to investors on Wednesday. Jefferies Group analyst M. Wilson now anticipates that the energy company will post earnings per share of ($0.03) for the year, up from their previous forecast of ($0.04). Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Tullow Oil’s FY2020 earnings at $0.16 EPS.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Tullow Oil from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Royal Bank of Canada raised shares of Tullow Oil from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus raised shares of Tullow Oil from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Tullow Oil has a consensus rating of “Hold” and an average price target of $1.25.
Tullow Oil (OTCMKTS:TUWOY) opened at $1.32 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 1.31. Tullow Oil has a 1 year low of $0.92 and a 1 year high of $2.08.
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