Tullow Oil (LON:TLW) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Tullow Oil (LON:TLW) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently commented on the stock. Berenberg Bank cut their price objective on shares of Tullow Oil from GBX 80 ($0.98) to GBX 55 ($0.68) and set a buy rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Tullow Oil from GBX 63 ($0.78) to GBX 26 ($0.32) and set a neutral rating on the stock in a research report on Monday, April 6th. Morgan Stanley cut their price objective on shares of Tullow Oil from GBX 61 ($0.75) to GBX 24 ($0.30) and set an equal weight rating on the stock in a research report on Wednesday, June 3rd. Peel Hunt reissued a buy rating and set a GBX 40 ($0.49) price objective on shares of Tullow Oil in a research report on Tuesday, June 2nd. Finally, Royal Bank of Canada increased their price objective on shares of Tullow Oil from GBX 20 ($0.25) to GBX 25 ($0.31) and gave the company an underperform rating in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 59.43 ($0.73).

Shares of TLW stock opened at GBX 25.12 ($0.31) on Wednesday. Tullow Oil has a one year low of GBX 0.30 ($0.00) and a one year high of GBX 251.31 ($3.09). The company’s 50-day moving average is GBX 31.45 and its 200 day moving average is GBX 30.87. The company has a market capitalization of $354.42 million and a price-to-earnings ratio of -0.21. The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.74 and a current ratio of 1.01.

In related news, insider Les Wood sold 47,711 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of GBX 26 ($0.32), for a total value of £12,404.86 ($15,265.64).

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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