Zacks Investment Research Lowers Tullow Oil (OTCMKTS:TUWOY) to Hold

Tullow Oil (OTCMKTS:TUWOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, January 6th. They currently have a $1.50 price target on the energy company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 4.90% from the company’s current price.

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 reports. Stifel Nicolaus raised shares of Tullow Oil from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Jefferies Group raised shares of Tullow Oil from an “underperform” rating to a “hold” rating in a research note 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 note on Tuesday, September 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $1.75.

Shares of Tullow Oil (TUWOY) traded up $0.02 during trading hours on Friday, reaching $1.43. 3,050 shares of the company’s stock traded hands, compared to its average volume of 17,702. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.59 and a current ratio of 1.70. Tullow Oil has a 52 week low of $0.92 and a 52 week high of $1.87.

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About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. The company operates through West Africa, East Africa, and New Ventures segments. Its portfolio comprises approximately 100 licenses covering 253,034 square kilometers in 18 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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