Tullow Oil (LON:TLW) Rating Reiterated by UBS Group
Tullow Oil (LON:TLW)‘s stock had its “neutral” rating reissued by equities research analysts at UBS Group in a note issued to investors on Thursday, Stock Target Advisor reports.
Other equities research analysts also recently issued reports about the stock. Peel Hunt reiterated a “hold” rating on shares of Tullow Oil in a report on Thursday, March 12th. Jefferies Financial Group lowered their price target on shares of Tullow Oil from GBX 168 ($2.21) to GBX 65 ($0.86) and set a “hold” rating for the company in a report on Thursday, December 19th. Canaccord Genuity lifted their price target on shares of Tullow Oil from GBX 55 ($0.72) to GBX 60 ($0.79) and gave the stock a “hold” rating in a report on Monday, January 20th. Panmure Gordon lowered their price target on shares of Tullow Oil from GBX 260 ($3.42) to GBX 105 ($1.38) and set a “buy” rating for the company in a report on Wednesday, December 11th. Finally, HSBC downgraded shares of Tullow Oil to a “reduce” rating and lowered their price target for the stock from GBX 160 ($2.10) to GBX 50 ($0.66) in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 91.57 ($1.20).
TLW traded up GBX 1.07 ($0.01) during midday trading on Thursday, reaching GBX 9.75 ($0.13). 104,386,099 shares of the company’s stock were exchanged, compared to its average volume of 9,450,000. The company has a debt-to-equity ratio of 170.48, a current ratio of 1.70 and a quick ratio of 0.85. The stock has a market capitalization of $137.28 million and a PE ratio of 1.05. The business’s 50-day moving average price is GBX 34.46 and its 200 day moving average price is GBX 118.52. Tullow Oil has a 1-year low of GBX 10 ($0.13) and a 1-year high of GBX 254.60 ($3.35).
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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