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

Tullow Oil (LON:TLW)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a report issued on Thursday, Marketbeat.com reports. They currently have a GBX 7 target price on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 24.56% from the company’s current price.

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

Tullow Oil Price Performance

Shares of Tullow Oil stock opened at GBX 9.28 on Thursday. The firm has a market cap of £140.58 million, a PE ratio of 23.20, a PEG ratio of -0.19 and a beta of 0.55. The stock has a 50 day moving average of GBX 18.32 and a 200 day moving average of GBX 15.37. 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 has a 12 month low of GBX 3.51 and a 12 month high of GBX 25.

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.