Tullow Oil (OTCMKTS:TUWLF) Trading Up 6.6%

Tullow Oil plc (OTCMKTS:TUWLF)’s share price was up 6.6% during trading on Thursday . The stock traded as high as $2.75 and last traded at $2.75, approximately 1,501 shares were traded during mid-day trading. A decline of 83% from the average daily volume of 8,733 shares. The stock had previously closed at $2.58.

Several equities analysts have commented on TUWLF shares. Peel Hunt started coverage on shares of Tullow Oil in a research note on Wednesday, August 21st. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded shares of Tullow Oil from a “hold” rating to a “buy” rating in a research report on Friday, July 5th. Finally, Berenberg Bank upgraded shares of Tullow Oil from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy”.

The business’s 50-day moving average price is $2.58 and its 200-day moving average price is $2.66.

About Tullow Oil (OTCMKTS:TUWLF)

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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