Tullow Oil (LON:TLW) Earns Buy Rating from Peel Hunt
Peel Hunt restated their buy rating on shares of Tullow Oil (LON:TLW) in a research note released on Monday morning, LSE.Co.UK reports. The firm currently has a GBX 250 ($3.27) price objective on the stock.
A number of other research firms have also recently weighed in on TLW. Berenberg Bank increased their price target on Tullow Oil from GBX 240 ($3.14) to GBX 260 ($3.40) and gave the stock a buy rating in a report on Monday. Goldman Sachs Group lowered their price target on Tullow Oil from GBX 337 ($4.40) to GBX 326.60 ($4.27) and set a conviction-buy rating for the company in a report on Thursday, August 15th. UBS Group reiterated a neutral rating on shares of Tullow Oil in a report on Thursday, July 25th. Morgan Stanley cut Tullow Oil to an equal weight rating and lowered their price target for the stock from GBX 276 ($3.61) to GBX 252 ($3.29) in a report on Tuesday, June 11th. Finally, Royal Bank of Canada reiterated an outperform rating on shares of Tullow Oil in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 263.20 ($3.44).
LON TLW opened at GBX 232.80 ($3.04) on Monday. The stock has a market cap of $3.27 billion and a PE ratio of 25.03. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 170.48. Tullow Oil has a twelve month low of GBX 163.30 ($2.13) and a twelve month high of GBX 273.90 ($3.58). The stock has a fifty day simple moving average of GBX 203.24 and a 200-day simple moving average of GBX 215.76.
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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