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.

COPYRIGHT VIOLATION WARNING: This piece was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://theolympiareport.com/2017/12/25/brokers-issue-forecasts-for-tullow-oil-plcs-fy2017-earnings-tuwoy.html.

About Tullow Oil

Receive News & Ratings for Tullow Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil and related companies with MarketBeat.com's FREE daily email newsletter.