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

Tullow Oil (LON:TLW)‘s stock had its “hold” rating restated by research analysts at Jefferies Financial Group in a research report issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 7 price target on the stock. Jefferies Financial Group’s target price indicates a potential downside of 33.46% from the stock’s previous close.

TLW has been the topic of a number of other research reports. Canaccord Genuity Group raised their target price on Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a report on Friday, August 14th. Peel Hunt reissued a “buy” rating and set a GBX 24 price target on shares of Tullow Oil in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 12.85.

Tullow Oil Price Performance

LON:TLW traded up GBX 0.26 during mid-day trading on Thursday, reaching GBX 10.52. The stock had a trading volume of 976,554,813 shares, compared to its average volume of 23,491,322. The stock has a 50-day simple moving average of GBX 18.62 and a two-hundred day simple moving average of GBX 15.46. The stock has a market capitalization of £159.38 million, a PE ratio of 26.30, a P/E/G ratio of -0.19 and a beta of 0.55. The company has a debt-to-equity ratio of -543.66, a current ratio of 0.97 and a quick ratio of 0.63. Tullow Oil has a 12 month low of GBX 3.51 and a 12 month high of GBX 25.

About Tullow Oil

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.