Canaccord Genuity downgraded shares of TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) to a buy rating in a research note released on Thursday, The Fly reports.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of TULLOW OIL PLC/ADR from a sell rating to a hold rating in a report on Friday, October 25th. Berenberg Bank raised shares of TULLOW OIL PLC/ADR from a hold rating to a buy rating in a report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $1.50.
OTCMKTS TUWOY traded up $0.01 during trading hours on Thursday, reaching $0.99. 2,837 shares of the company’s stock traded hands, compared to its average volume of 11,198. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.69 and a quick ratio of 1.54. The firm has a market cap of $1.38 billion, a PE ratio of 24.75 and a beta of 1.35. The firm has a 50-day simple moving average of $1.30 and a 200 day simple moving average of $1.29. TULLOW OIL PLC/ADR has a 52-week low of $0.95 and a 52-week high of $1.64.
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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