Tullow Oil plc (LON:TLW) has been assigned an average rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 104.77 ($1.38).

A number of research analysts have recently commented on the company. Berenberg Bank lowered their target price on Tullow Oil from GBX 230 ($3.03) to GBX 80 ($1.05) and set a “buy” rating for the company in a research note on Tuesday, December 10th. Peel Hunt restated an “add” rating and issued a GBX 200 ($2.63) target price on shares of Tullow Oil in a research note on Friday, November 29th. Jefferies Financial Group lowered their target price on Tullow Oil from GBX 168 ($2.21) to GBX 65 ($0.86) and set a “hold” rating for the company in a research note on Thursday, December 19th. Peel Hunt restated a “hold” rating on shares of Tullow Oil in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Tullow Oil from GBX 249 ($3.28) to GBX 63 ($0.83) and set a “neutral” rating for the company in a research note on Friday.

LON TLW traded down GBX 3.12 ($0.04) on Tuesday, hitting GBX 59.18 ($0.78). The company’s stock had a trading volume of 16,881,675 shares, compared to its average volume of 9,450,000. The firm has a market cap of $833.20 million and a P/E ratio of 6.36. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 170.48. The company’s 50-day simple moving average is GBX 80.50 and its 200 day simple moving average is GBX 171.63. Tullow Oil has a 52-week low of GBX 38.05 ($0.50) and a 52-week high of GBX 254.60 ($3.35).

In related news, insider Jeremy Wilson acquired 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of GBX 141 ($1.85) per share, for a total transaction of £28,200 ($37,095.50).

About Tullow Oil

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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Analyst Recommendations for Tullow Oil (LON:TLW)

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