Tullow Oil plc (LON:TLW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tullow Oil plc (LON:TLWGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 75.89 ($0.91).

A number of analysts recently issued reports on the stock. Morgan Stanley restated an “equal weight” rating and set a GBX 63 ($0.76) target price on shares of Tullow Oil in a research report on Wednesday, May 11th. JPMorgan Chase & Co. lifted their price target on shares of Tullow Oil from GBX 82 ($0.99) to GBX 83 ($1.00) and gave the stock an “overweight” rating in a research note on Wednesday, July 13th. Barclays lifted their price target on shares of Tullow Oil from GBX 85 ($1.02) to GBX 87 ($1.05) and gave the stock an “overweight” rating in a research note on Wednesday, April 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 95 ($1.14) target price on shares of Tullow Oil in a research report on Friday, July 15th. Finally, Canaccord Genuity Group lifted their price target on shares of Tullow Oil from GBX 67 ($0.81) to GBX 75 ($0.90) and gave the company a “speculative buy” rating in a report on Thursday, April 7th.

Tullow Oil Trading Up 2.3 %

Shares of Tullow Oil stock opened at GBX 47.78 ($0.58) on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 457.18. The company has a 50-day moving average of GBX 49.55 and a two-hundred day moving average of GBX 52.37. Tullow Oil has a 12-month low of GBX 39.38 ($0.47) and a 12-month high of GBX 63.52 ($0.77). The stock has a market cap of £687.22 million and a PE ratio of -10.17.

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.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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