Tullow Oil (LON:TLW) Rating Reiterated by Peel Hunt
Tullow Oil (LON:TLW)‘s stock had its “hold” rating restated by equities research analysts at Peel Hunt in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
TLW has been the topic of several other research reports. Panmure Gordon dropped their target price on shares of Tullow Oil from GBX 260 ($3.42) to GBX 105 ($1.38) and set a “buy” rating on the stock in a report on Wednesday, December 11th. Berenberg Bank dropped their target price on shares of Tullow Oil from GBX 230 ($3.03) to GBX 80 ($1.05) and set a “buy” rating on the stock in a report on Tuesday, December 10th. Royal Bank of Canada dropped their target price on shares of Tullow Oil from GBX 175 ($2.30) to GBX 100 ($1.32) and set a “sector performer” rating on the stock in a report on Friday, December 13th. Jefferies Financial Group dropped their target price on shares of Tullow Oil from GBX 168 ($2.21) to GBX 65 ($0.86) and set a “hold” rating on the stock in a report on Thursday, December 19th. Finally, HSBC cut shares of Tullow Oil to a “reduce” rating and dropped their target price for the stock from GBX 160 ($2.10) to GBX 50 ($0.66) in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 93.71 ($1.23).
TLW opened at GBX 42.50 ($0.56) on Monday. The business’s 50-day simple moving average is GBX 52.91 and its 200 day simple moving average is GBX 144.57. Tullow Oil has a 52-week low of GBX 38.05 ($0.50) and a 52-week high of GBX 254.60 ($3.35). The company has a debt-to-equity ratio of 170.48, a quick ratio of 0.85 and a current ratio of 1.70. The firm has a market capitalization of $598.40 million and a PE ratio of 4.57.
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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