Jefferies Group Upgrades Tullow Oil (TUWOY) to Hold

Jefferies Group upgraded shares of Tullow Oil (OTCMKTS:TUWOY) from an underperform rating to a hold rating in a research note published on Wednesday, December 20th, The Fly reports. Jefferies Group also issued estimates for Tullow Oil’s FY2018 earnings at $0.15 EPS.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Tullow Oil from a hold rating to a buy rating and set a $1.25 target price on the stock in a research note on Saturday, September 23rd. Stifel Nicolaus upgraded shares of Tullow Oil from a sell rating to a hold rating in a research note on Monday, September 25th. Finally, Royal Bank of Canada upgraded shares of Tullow Oil from a sector perform rating to an outperform rating in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $1.50.

Tullow Oil (OTCMKTS TUWOY) traded up $0.10 during trading hours on Wednesday, reaching $1.54. 58,118 shares of the company traded hands, compared to its average volume of 22,825. Tullow Oil has a 1-year low of $0.92 and a 1-year high of $2.08. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.59 and a current ratio of 1.70.

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About Tullow Oil

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