Tullow Oil (LON:TLW) had its price objective upped by HSBC from GBX 220 ($2.87) to GBX 230 ($3.01) in a research note released on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a hold rating on the stock.
Several other research firms also recently weighed in on TLW. JPMorgan Chase & Co. dropped their price target on Tullow Oil from GBX 292 ($3.82) to GBX 288 ($3.76) and set an overweight rating for the company in a research note on Wednesday, April 17th. Berenberg Bank upgraded Tullow Oil to a buy rating and upped their price target for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a research note on Monday, August 12th. Canaccord Genuity downgraded Tullow Oil to a speculative buy rating and dropped their price target for the stock from GBX 275 ($3.59) to GBX 260 ($3.40) in a research note on Wednesday, July 31st. Jefferies Financial Group upgraded Tullow Oil to a buy rating and set a GBX 245 ($3.20) price target for the company in a research note on Friday, July 5th. Finally, Goldman Sachs Group restated a conviction-buy rating on shares of Tullow Oil in a research note on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Tullow Oil presently has an average rating of Buy and a consensus target price of GBX 261.96 ($3.42).
TLW stock opened at GBX 202.50 ($2.65) on Thursday. Tullow Oil has a 1-year low of GBX 163.30 ($2.13) and a 1-year high of GBX 273.90 ($3.58). The company has a debt-to-equity ratio of 170.48, a current ratio of 1.70 and a quick ratio of 0.85. The company has a market capitalization of $2.84 billion and a price-to-earnings ratio of 21.77. The business has a 50 day simple moving average of GBX 199.72 and a two-hundred day simple moving average of GBX 215.96.
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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