TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) Upgraded to Buy at Berenberg Bank
Berenberg Bank upgraded shares of TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) from a hold rating to a buy rating in a research note released on Monday, The Fly reports.
Other research analysts also recently issued reports about the company. Jefferies Financial Group upgraded TULLOW OIL PLC/ADR from a hold rating to a buy rating in a report on Friday, July 5th. Morgan Stanley downgraded TULLOW OIL PLC/ADR from an overweight rating to an equal weight rating in a research note on Tuesday, June 11th. Finally, Zacks Investment Research downgraded TULLOW OIL PLC/ADR from a hold rating to a sell rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $1.50.
OTCMKTS:TUWOY opened at $1.22 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.54 and a current ratio of 1.63. The company has a market cap of $1.84 billion, a PE ratio of 30.50 and a beta of 1.34. TULLOW OIL PLC/ADR has a 52-week low of $1.00 and a 52-week high of $1.71. The stock has a 50-day simple moving average of $1.23 and a 200 day simple moving average of $1.36.
Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
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