Canaccord Genuity cut shares of TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) to a buy rating in a research note released on Thursday, The Fly reports.
A number of other analysts have also weighed in on the stock. Berenberg Bank raised shares of TULLOW OIL PLC/ADR from a hold rating to a buy rating in a research note on Monday, August 12th. Zacks Investment Research raised shares of TULLOW OIL PLC/ADR from a sell rating to a hold rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $1.50.
TUWOY stock traded up $0.01 during mid-day trading on Thursday, reaching $0.99. 2,837 shares of the stock traded hands, compared to its average volume of 11,198. TULLOW OIL PLC/ADR has a one year low of $0.95 and a one year high of $1.64. The business has a 50-day moving average price of $1.30 and a two-hundred day moving average price of $1.29. The stock has a market capitalization of $1.38 billion, a PE ratio of 24.75 and a beta of 1.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.54 and a current ratio of 1.69.
About TULLOW OIL PLC/ADR
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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