Tullow Oil (OTCMKTS:TUWOY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Tullow Oil (OTCMKTS:TUWOYGet Rating) from a hold rating to a buy rating in a research report sent to investors on Wednesday, Zacks.com reports. Zacks Investment Research currently has $0.25 price objective on the energy company’s stock.

According to Zacks, “Tullow Oil plc operates as an independent oil and gas exploration and production company in Europe. Tullow has a large portfolio of exploration and production assets with a focus on balanced long-term growth. Tullow Oil plc is headquartered in London, the United Kingdom. “

TUWOY has been the topic of a number of other reports. Peel Hunt raised shares of Tullow Oil from a hold rating to a buy rating in a research report on Tuesday, March 29th. JPMorgan Chase & Co. cut their price objective on shares of Tullow Oil from GBX 79 ($0.97) to GBX 77 ($0.95) in a report on Wednesday, February 16th. Finally, Barclays boosted their price objective on shares of Tullow Oil from GBX 85 ($1.05) to GBX 87 ($1.07) in a report on Wednesday, April 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of $54.75.

TUWOY traded up $0.07 during midday trading on Wednesday, reaching $0.33. 244,578 shares of the company’s stock were exchanged, compared to its average volume of 30,377. The business has a 50-day simple moving average of $0.31 and a two-hundred day simple moving average of $0.31. Tullow Oil has a one year low of $0.23 and a one year high of $0.43.

About Tullow Oil (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.

Read More

Get a free copy of the Zacks research report on Tullow Oil (TUWOY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Tullow Oil (OTCMKTS:TUWOY)

Receive News & Ratings for Tullow Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil and related companies with MarketBeat.com's FREE daily email newsletter.