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

Tullow Oil (LON:TLW)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 7 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 29.01% from the company’s previous close.

Several other equities analysts have also commented on TLW. Peel Hunt reiterated 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 upped their target price on shares of Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 12.85.

Tullow Oil Stock Up 26.4%

Shares of TLW traded up GBX 2.06 during mid-day trading on Thursday, reaching GBX 9.86. The company’s stock had a trading volume of 65,689,945 shares, compared to its average volume of 19,333,635. 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. The stock has a market cap of £149.38 million, a PE ratio of 24.65, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55. The company’s 50 day moving average is GBX 18.39 and its 200 day moving average is GBX 15.40.

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.