Tullow Oil (LON:TLW) Earns Buy Rating from Analysts at Peel Hunt

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Investment analysts at Peel Hunt initiated coverage on shares of Tullow Oil (LON:TLW) in a research note issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm set a “buy” rating and a GBX 250 ($3.27) price target on the stock. Peel Hunt’s price target suggests a potential upside of 17.04% from the company’s previous close.

A number of other research analysts also recently commented on TLW. Berenberg Bank upgraded Tullow Oil to a “buy” rating and increased their target price for the company from GBX 230 ($3.01) to GBX 240 ($3.14) in a research report on Monday, August 12th. HSBC increased their target price on Tullow Oil from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the company a “hold” rating in a research report on Thursday, August 15th. Royal Bank of Canada reiterated an “outperform” rating on shares of Tullow Oil in a research report on Tuesday, August 13th. Jefferies Financial Group upgraded Tullow Oil to a “buy” rating and set a GBX 245 ($3.20) target price for the company in a research report on Friday, July 5th. Finally, Barclays reiterated a “top pick” rating and set a GBX 290 ($3.79) target price on shares of Tullow Oil in a research report on Monday, August 12th. 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. Tullow Oil presently has an average rating of “Buy” and an average price target of GBX 262.63 ($3.43).

LON TLW opened at GBX 213.60 ($2.79) on Wednesday. The company has a debt-to-equity ratio of 170.48, a quick ratio of 0.85 and a current ratio of 1.70. The company has a market capitalization of $3.00 billion and a P/E ratio of 22.97. 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 stock has a 50 day moving average price of GBX 199.57 and a 200-day moving average price of GBX 215.87.

About Tullow Oil

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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