Tullow Oil (OTCMKTS:TUWOY) Stock Rating Lowered by Zacks Investment Research

Tullow Oil (OTCMKTS:TUWOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday, January 6th. They presently have a $1.50 target price on the energy company’s stock. Zacks Investment Research‘s price target would indicate a potential downside of 3.23% from the company’s previous close.

According to Zacks, “Tullow Oil plc operates as an independent oil and gas exploration and production company in Europe. Tullow has a large portfolio of exploration and production assets with a focus on balanced long-term growth. Tullow Oil plc is headquartered in London, the United Kingdom. “

TUWOY has been the topic of several other research reports. Stifel Nicolaus raised shares of Tullow Oil from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Jefferies Group raised shares of Tullow Oil from an “underperform” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada raised shares of Tullow Oil from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $1.75.

Shares of Tullow Oil (OTCMKTS TUWOY) opened at $1.55 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 1.31. Tullow Oil has a 52-week low of $0.92 and a 52-week high of $1.95.

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Tullow Oil Company Profile

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