Tullow Oil (LON:TLW) Stock Rating Reaffirmed as Hold by Jefferies Financial Group

Tullow Oil (LON:TLW – Get Free Report)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a GBX 7 target price on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 10.26% from the stock’s previous close.

A number of other analysts also recently commented on TLW. Canaccord Genuity Group raised their price objective on Tullow Oil from GBX 14 to GBX 15 and gave the stock a “hold” rating in a research report on Friday, August 14th. Peel Hunt restated a “buy” rating and set a GBX 24 price objective on shares of Tullow Oil in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 12.85.

Read Our Latest Stock Report on TLW

Tullow Oil Stock Performance

TLW stock traded down GBX 2.72 during trading on Thursday, reaching GBX 7.80. 85,153,820 shares of the stock were exchanged, compared to its average volume of 19,090,932. Tullow Oil has a twelve month low of GBX 3.51 and a twelve month high of GBX 25. The company has a market capitalization of £118.17 million, a P/E ratio of 19.50, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55. The stock has a 50 day simple moving average of GBX 18.39 and a 200-day simple moving average of GBX 15.40. The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of -543.66.

Tullow Oil Company Profile

(Get Free Report)

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.

Further Reading

Analyst Recommendations for Tullow Oil (LON:TLW)

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