Jefferies Group Analysts Raise Earnings Estimates for Tullow Oil Plc (OTCMKTS:TUWOY)

Tullow Oil Plc (OTCMKTS:TUWOY) – Jefferies Group raised their FY2018 EPS estimates for Tullow Oil in a report released on Wednesday, Zacks Investment Research reports. Jefferies Group analyst M. Wilson now forecasts that the energy company will post earnings of $0.15 per share for the year, up from their previous forecast of $0.11. Jefferies Group currently has a “Hold” rating on the stock.

Several other equities research analysts also recently issued reports on TUWOY. Zacks Investment Research downgraded shares of Tullow Oil from a “buy” rating to a “hold” rating and set a $1.50 target price for the company. in a research note on Saturday, January 6th. Royal Bank of Canada upgraded shares of Tullow Oil from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus upgraded shares of Tullow Oil from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Tullow Oil presently has a consensus rating of “Hold” and an average price target of $1.75.

Shares of Tullow Oil (TUWOY) opened at $1.55 on Friday. Tullow Oil has a one year low of $0.92 and a one year high of $1.97. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 1.31.

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