Tullow Oil’s (TLW) Equal Weight Rating Reaffirmed at Morgan Stanley

Tullow Oil (LON:TLWGet Rating)‘s stock had its “equal weight” rating reissued by research analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 63 ($0.78) price objective on the stock. Morgan Stanley’s price objective suggests a potential upside of 22.05% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada dropped their price target on shares of Tullow Oil from GBX 90 ($1.11) to GBX 80 ($0.99) and set a “sector perform” rating on the stock in a research report on Friday, January 28th. Berenberg Bank reiterated a “buy” rating and issued a GBX 70 ($0.86) target price on shares of Tullow Oil in a report on Tuesday, March 15th. JPMorgan Chase & Co. reduced their target price on shares of Tullow Oil from GBX 77 ($0.95) to GBX 74 ($0.91) and set an “overweight” rating for the company in a report on Thursday, March 10th. Barclays lifted their price target on shares of Tullow Oil from GBX 85 ($1.05) to GBX 87 ($1.07) and gave the stock an “overweight” rating in a research report on Wednesday, April 6th. Finally, Canaccord Genuity Group increased their price objective on Tullow Oil from GBX 67 ($0.83) to GBX 75 ($0.92) and gave the company a “speculative buy” rating in a research report on Thursday, April 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Tullow Oil presently has an average rating of “Buy” and a consensus target price of GBX 72.11 ($0.89).

Shares of TLW stock opened at GBX 51.62 ($0.64) on Wednesday. Tullow Oil has a 1 year low of GBX 39.88 ($0.49) and a 1 year high of GBX 66.22 ($0.82). The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.91 and a current ratio of 1.06. The business’s fifty day moving average is GBX 54.45 and its 200-day moving average is GBX 50.77. The stock has a market cap of £741.54 million and a PE ratio of -11.36.

In other news, insider Martin F. Greenslade acquired 60,000 shares of the stock in a transaction on Thursday, March 10th. The shares were purchased at an average cost of GBX 52 ($0.64) per share, for a total transaction of £31,200 ($38,466.28).

Tullow Oil Company Profile (Get Rating)

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2021, its portfolio comprised 30 licenses in 8 countries with 30 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.

Further Reading

Analyst Recommendations for Tullow Oil (LON:TLW)

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