Tullow Oil (LON:TLW) Stock Rating Reaffirmed by Goldman Sachs Group

Tullow Oil (LON:TLW)‘s stock had its “conviction-buy” rating restated by research analysts at Goldman Sachs Group in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports.

TLW has been the topic of a number of other reports. Morgan Stanley downgraded shares of Tullow Oil to an “equal weight” rating and lowered their target price for the stock from GBX 276 ($3.61) to GBX 252 ($3.29) in a report on Tuesday, June 11th. HSBC initiated coverage on shares of Tullow Oil in a report on Tuesday, May 28th. They set a “hold” rating and a GBX 220 ($2.87) target price on the stock. Berenberg Bank upgraded shares of Tullow Oil to a “buy” rating and boosted their target price for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Monday. Barclays restated an “overweight” rating and set a GBX 290 ($3.79) target price on shares of Tullow Oil in a report on Thursday, July 25th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Tullow Oil in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 261.96 ($3.42).

Shares of TLW opened at GBX 204 ($2.67) on Tuesday. The firm has a market capitalization of $2.86 billion and a P/E ratio of 21.94. Tullow Oil has a 1-year low of GBX 163.30 ($2.13) and a 1-year high of GBX 273.90 ($3.58). The stock’s fifty day moving average price is GBX 200.22. 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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Analyst Recommendations for Tullow Oil (LON:TLW)

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