Shares of Tullow Oil plc (OTCMKTS:TUWLF) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.
Several equities analysts have weighed in on the company. Jefferies Financial Group raised Tullow Oil from a “hold” rating to a “buy” rating in a report on Friday, July 5th. Peel Hunt assumed coverage on Tullow Oil in a report on Wednesday, August 21st. They set a “buy” rating for the company. Berenberg Bank raised Tullow Oil from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Tullow Oil in a report on Tuesday, June 11th.
OTCMKTS TUWLF traded down $0.11 on Monday, hitting $2.44. 1,000 shares of the stock traded hands, compared to its average volume of 9,107. The business’s fifty day moving average is $2.60 and its two-hundred day moving average is $2.71. Tullow Oil has a 12 month low of $2.09 and a 12 month high of $3.34.
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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