Tullow Oil (LON:TLW) Earns “Hold” Rating from Jefferies Financial Group

Tullow Oil (LON:TLW)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 7 target price on the stock. Jefferies Financial Group’s target price points to a potential downside of 10.26% from the stock’s current price.

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

Tullow Oil Price Performance

Shares of TLW traded down GBX 2.72 during trading hours on Thursday, reaching GBX 7.80. 85,153,820 shares of the company’s stock traded hands, compared to its average volume of 19,090,932. Tullow Oil has a 12 month low of GBX 3.51 and a 12 month high of GBX 25. The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of -543.66. The stock has a market cap of £118.17 million, a PE ratio of 19.50, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55. The firm’s 50 day simple moving average is GBX 18.52 and its 200-day simple moving average is GBX 15.44.

Tullow Oil Company Profile

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.