UBS Group reissued their neutral rating on shares of Tullow Oil (LON:TLW) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity upgraded shares of Tullow Oil to a buy rating and upped their price objective for the company from GBX 260 ($3.40) to GBX 280 ($3.66) in a report on Wednesday, August 21st. HSBC upped their target price on shares of Tullow Oil from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the stock a hold rating in a report on Thursday, August 15th. Peel Hunt restated a buy rating on shares of Tullow Oil in a report on Wednesday. Barclays lowered their target price on shares of Tullow Oil from GBX 290 ($3.79) to GBX 270 ($3.53) and set an overweight rating on the stock in a report on Thursday, October 10th. Finally, Berenberg Bank upped their target price on shares of Tullow Oil from GBX 240 ($3.14) to GBX 260 ($3.40) and gave the stock a buy rating in a report on Monday, September 16th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 240.43 ($3.14).
Shares of LON TLW traded up GBX 0.85 ($0.01) during trading on Thursday, hitting GBX 148.10 ($1.94). 23,004,135 shares of the company traded hands, compared to its average volume of 9,450,000. The business’s fifty day moving average is GBX 205.14 and its 200 day moving average is GBX 208.33. Tullow Oil has a fifty-two week low of GBX 144.80 ($1.89) and a fifty-two week high of GBX 254.60 ($3.33). The firm has a market capitalization of $2.08 billion and a price-to-earnings ratio of 15.92. The company has a debt-to-equity ratio of 170.48, a quick ratio of 0.85 and a current ratio of 1.70.
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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