Tullow Oil (LON:TLW) Rating Reiterated by Royal Bank of Canada

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Tullow Oil (LON:TLW)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued research reports about the company. Canaccord Genuity cut Tullow Oil to a “speculative buy” rating and reduced their price objective for the company from GBX 275 ($3.59) to GBX 260 ($3.40) in a research report on Wednesday, July 31st. HSBC began coverage on Tullow Oil in a research report on Tuesday, May 28th. They set a “hold” rating and a GBX 220 ($2.87) price objective for the company. Goldman Sachs Group upped their price objective on Tullow Oil from GBX 260 ($3.40) to GBX 337 ($4.40) and gave the company a “conviction-buy” rating in a research report on Thursday, May 30th. Morgan Stanley cut Tullow Oil to an “equal weight” rating and reduced their price objective for the company from GBX 276 ($3.61) to GBX 252 ($3.29) in a research report on Tuesday, June 11th. Finally, Jefferies Financial Group upgraded Tullow Oil to a “buy” rating and set a GBX 245 ($3.20) price objective for the company in a research report on Friday, July 5th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 261.96 ($3.42).

Tullow Oil stock opened at GBX 204 ($2.67) on Tuesday. The stock has a market capitalization of $2.86 billion and a PE ratio of 21.94. The company has a debt-to-equity ratio of 170.48, a quick ratio of 0.85 and a current ratio of 1.70. Tullow Oil has a one year low of GBX 163.30 ($2.13) and a one year high of GBX 273.90 ($3.58). The firm’s fifty day moving average price is GBX 200.22.

Tullow Oil Company Profile

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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Analyst Recommendations for Tullow Oil (LON:TLW)

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