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 reaffirmed by stock analysts at Jefferies Financial Group in a research report issued on Thursday, MarketBeat.com reports. They presently have a GBX 7 price target on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 10.26% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group raised their price objective on shares of Tullow Oil from GBX 14 to GBX 15 and gave the stock a “hold” rating in a research note on Friday, August 14th. Peel Hunt reiterated a “buy” rating and issued a GBX 24 target price on shares of Tullow Oil in a research note on Wednesday, August 5th. One 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’s stock. According to MarketBeat, Tullow Oil presently has an average rating of “Hold” and a consensus target price of GBX 12.85.

Check Out Our Latest Analysis on Tullow Oil

Tullow Oil Stock Performance

Tullow Oil stock traded down GBX 2.72 during midday trading on Thursday, hitting GBX 7.80. 85,153,820 shares of the company were exchanged, compared to its average volume of 19,090,932. The business has a fifty day simple moving average of GBX 18.52 and a two-hundred day simple moving average of GBX 15.44. The company has a debt-to-equity ratio of -543.66, a quick ratio of 0.63 and a current ratio of 0.97. The firm has a market capitalization 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. Tullow Oil has a fifty-two week low of GBX 3.51 and a fifty-two week high of GBX 25.

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.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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