TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) Downgraded to “Sell” at Zacks Investment Research

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Zacks Investment Research cut shares of TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) from a hold rating to a sell rating in a research note issued to investors on Friday morning, Zacks.com reports.

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. “

Several other analysts have also commented on the stock. Morgan Stanley lowered shares of TULLOW OIL PLC/ADR from an overweight rating to an equal weight rating in a research note on Tuesday, June 11th. Jefferies Financial Group raised shares of TULLOW OIL PLC/ADR from a hold rating to a buy rating in a research note on Friday, July 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $1.50.

TUWOY stock opened at $1.08 on Friday. TULLOW OIL PLC/ADR has a 12 month low of $1.00 and a 12 month high of $1.71. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 27.00 and a beta of 1.34. The company’s 50 day simple moving average is $1.25. The company has a current ratio of 1.63, a quick ratio of 1.54 and a debt-to-equity ratio of 1.11.

About TULLOW OIL PLC/ADR

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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