Peel Hunt reiterated their buy rating on shares of Tullow Oil (LON:TLW) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.
TLW has been the topic of several other reports. HSBC upped their price objective on shares of Tullow Oil from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the company a hold rating in a report on Thursday, August 15th. Peel Hunt reaffirmed a buy rating and issued a GBX 250 ($3.27) price objective on shares of Tullow Oil in a report on Monday, September 16th. Royal Bank of Canada reaffirmed an outperform rating on shares of Tullow Oil in a report on Thursday, September 12th. Berenberg Bank upped their price objective on shares of Tullow Oil from GBX 240 ($3.14) to GBX 260 ($3.40) and gave the company a buy rating in a report on Monday, September 16th. Finally, Canaccord Genuity raised 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 261.66 ($3.42).
TLW stock opened at GBX 210.20 ($2.75) on Tuesday. The firm’s fifty day simple moving average is GBX 213.70 and its 200-day simple moving average is GBX 212.63. The company has a market capitalization of $2.96 billion and a P/E ratio of 22.60. The company has a debt-to-equity ratio of 170.48, a current ratio of 1.70 and a quick ratio of 0.85. Tullow Oil has a 12 month low of GBX 163.30 ($2.13) and a 12 month high of GBX 254.60 ($3.33).
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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