Tullow Oil (LON:TLW) was upgraded by equities research analysts at Canaccord Genuity to a “buy” rating in a research note issued to investors on Wednesday, Digital Look reports. The firm presently has a GBX 280 ($3.66) price target on the stock, up from their previous price target of GBX 260 ($3.40). Canaccord Genuity’s price target points to a potential upside of 31.09% from the company’s current price.
Several other equities analysts have also recently commented on TLW. UBS Group restated a “neutral” rating on shares of Tullow Oil in a research report on Thursday, July 25th. Morgan Stanley cut Tullow Oil to an “equal weight” rating and reduced their target price for the stock from GBX 276 ($3.61) to GBX 252 ($3.29) in a research report on Tuesday, June 11th. Peel Hunt assumed coverage on Tullow Oil in a research report on Wednesday. They set a “buy” rating and a GBX 250 ($3.27) target price for the company. HSBC boosted their target price on Tullow Oil from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Tullow Oil in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 262.63 ($3.43).
Tullow Oil stock opened at GBX 213.60 ($2.79) on Wednesday. Tullow Oil has a 52 week low of GBX 163.30 ($2.13) and a 52 week high of GBX 273.90 ($3.58). The business has a 50-day simple moving average of GBX 199.57 and a 200 day simple moving average of GBX 215.87. The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 170.48. The stock has a market cap of $3.00 billion and a price-to-earnings ratio of 22.97.
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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