Zacks Investment Research upgraded shares of TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) from a sell rating to a hold rating in a report released on Friday.
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. “
Several other equities research analysts have also issued reports on TUWOY. Citigroup upgraded shares of TULLOW OIL PLC/ADR from a neutral rating to a buy rating in a research note on Thursday, October 4th. Jefferies Financial Group upgraded shares of TULLOW OIL PLC/ADR from a hold rating to a buy rating in a research note on Monday, October 22nd.
Shares of OTCMKTS:TUWOY traded down $0.12 during midday trading on Friday, reaching $1.29. 36,271 shares of the company were exchanged, compared to its average volume of 5,827. TULLOW OIL PLC/ADR has a fifty-two week low of $1.04 and a fifty-two week high of $1.88. The company has a quick ratio of 1.38, a current ratio of 1.49 and a debt-to-equity ratio of 1.34. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 14.33 and a beta of 1.54.
About TULLOW OIL PLC/ADR
Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
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