Tullow Oil (LON:TLW) Given Equal Weight Rating at Barclays

Barclays reaffirmed their equal weight rating on shares of Tullow Oil (LON:TLW) in a research report released on Friday, Price Targets.com reports. They currently have a GBX 60 ($0.81) price target on the stock.

Several other research firms also recently weighed in on TLW. Peel Hunt restated a hold rating and issued a GBX 65 ($0.88) price objective on shares of Tullow Oil in a report on Thursday, November 11th. Berenberg Bank upgraded Tullow Oil to a buy rating and boosted their price target for the stock from GBX 55 ($0.75) to GBX 65 ($0.88) in a research note on Thursday, October 14th. Canaccord Genuity Group boosted their price target on Tullow Oil from GBX 70 ($0.95) to GBX 75 ($1.02) and gave the stock a speculative buy rating in a research note on Tuesday. boosted their price target on Tullow Oil from GBX 65 ($0.88) to GBX 70 ($0.95) and gave the stock a speculative buy rating in a research note on Friday, November 19th. Finally, Peel Hunt restated a hold rating and set a GBX 65 ($0.88) price target on shares of Tullow Oil in a research note on Thursday, November 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of GBX 61.50 ($0.83).

LON TLW opened at GBX 53.96 ($0.73) on Friday. The company has a quick ratio of 0.37, a current ratio of 1.09 and a debt-to-equity ratio of 457.18. The company has a fifty day moving average of GBX 45.79 and a two-hundred day moving average of GBX 48. The firm has a market capitalization of £772.54 million and a price-to-earnings ratio of 5.34. Tullow Oil has a 52 week low of GBX 22.61 ($0.31) and a 52 week high of GBX 66.22 ($0.90).

In other news, insider Sheila Khama acquired 7,070 shares of Tullow Oil stock in a transaction that occurred on Thursday, November 18th. The stock was purchased at an average cost of GBX 48 ($0.65) per share, with a total value of £3,393.60 ($4,606.49).

Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2020, its portfolio comprised 53 licenses in 11 countries with 28 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.

Featured Story: What are high-yield dividend stocks?

Analyst Recommendations for Tullow Oil (LON:TLW)

Receive News & Ratings for Tullow Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil and related companies with MarketBeat.com's FREE daily email newsletter.