Zacks Investment Research cut shares of Tullow Oil (OTCMKTS:TUWOY) from a buy rating to a hold rating in a report released on Saturday morning. The brokerage currently has $1.50 target price on the energy company’s stock.
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. “
A number of other analysts have also weighed in on TUWOY. Royal Bank of Canada raised Tullow Oil from a sector perform rating to an outperform rating in a research note on Tuesday, September 26th. Stifel Nicolaus raised Tullow Oil from a sell rating to a hold rating in a research note on Monday, September 25th. Finally, Jefferies Group raised Tullow Oil from an underperform rating to a hold rating in a research note on Wednesday, December 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Tullow Oil presently has an average rating of Hold and a consensus price target of $1.50.
Tullow Oil (OTCMKTS:TUWOY) traded up $0.02 during trading hours on Friday, hitting $1.48. The stock had a trading volume of 2,300 shares, compared to its average volume of 21,943. Tullow Oil has a 52-week low of $0.92 and a 52-week high of $2.08. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 1.31.
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About Tullow Oil
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