Tullow Oil plc (LON:TLW) Receives Average Recommendation of “Hold” from Brokerages

Shares of Tullow Oil plc (LON:TLW) have been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 53.70 ($0.66).

TLW has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Tullow Oil from GBX 61 ($0.75) to GBX 24 ($0.30) and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their target price on Tullow Oil from GBX 63 ($0.78) to GBX 26 ($0.32) and set a “neutral” rating on the stock in a research note on Monday, April 6th. Peel Hunt restated a “buy” rating on shares of Tullow Oil in a research report on Monday, June 8th. Royal Bank of Canada upped their price target on shares of Tullow Oil from GBX 20 ($0.25) to GBX 25 ($0.31) and gave the company an “underperform” rating in a research report on Friday, June 12th. Finally, UBS Group reiterated a “neutral” rating on shares of Tullow Oil in a report on Thursday, March 19th.

Tullow Oil stock traded down GBX 0.19 ($0.00) during trading on Tuesday, hitting GBX 31.21 ($0.38). The stock had a trading volume of 14,838,969 shares, compared to its average volume of 9,450,000. Tullow Oil has a 1 year low of GBX 7.17 ($0.09) and a 1 year high of GBX 251.31 ($3.09). The company has a quick ratio of 0.74, a current ratio of 1.01 and a debt-to-equity ratio of 457.18. The stock’s 50 day moving average is GBX 28.17 and its two-hundred day moving average is GBX 36.65. The stock has a market cap of $440.16 million and a price-to-earnings ratio of -0.26.

In other news, insider Les Wood sold 47,711 shares of Tullow Oil stock in a transaction on Monday, May 11th. The shares were sold at an average price of GBX 26 ($0.32), for a total transaction of £12,404.86 ($15,265.64).

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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