Tullow Oil (LON:TLW)‘s stock had its “add” rating reaffirmed by analysts at Peel Hunt in a note issued to investors on Monday, Stock Target Advisor reports.
A number of other equities analysts have also recently weighed in on the company. Goldman Sachs Group decreased their price objective on Tullow Oil from GBX 326.60 ($4.30) to GBX 183 ($2.41) and set a “buy” rating on the stock in a report on Thursday, November 21st. Barclays decreased their price objective on Tullow Oil from GBX 270 ($3.55) to GBX 200 ($2.63) and set an “overweight” rating on the stock in a report on Thursday, November 14th. HSBC decreased their price objective on Tullow Oil from GBX 220 ($2.89) to GBX 160 ($2.10) and set a “hold” rating on the stock in a report on Friday, November 22nd. UBS Group reissued a “neutral” rating on shares of Tullow Oil in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut Tullow Oil to a “neutral” rating and decreased their price objective for the company from GBX 278 ($3.66) to GBX 249 ($3.28) in a report on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 190.15 ($2.50).
Shares of LON TLW opened at GBX 45.64 ($0.60) on Monday. The stock has a market cap of $641.96 million and a price-to-earnings ratio of 4.91. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 170.48. Tullow Oil has a 1-year low of GBX 130.95 ($1.72) and a 1-year high of GBX 254.60 ($3.35). The stock’s 50-day moving average is GBX 166.76 and its 200 day moving average is GBX 196.94.
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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