Tullow Oil (LON:TLW)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also commented on the company. UBS Group reissued a “neutral” rating on shares of Tullow Oil in a research report on Thursday, March 19th. JPMorgan Chase & Co. reduced their price target on Tullow Oil from GBX 63 ($0.83) to GBX 26 ($0.34) and set a “neutral” rating for the company in a research report on Monday, April 6th. Berenberg Bank dropped their target price on Tullow Oil from GBX 80 ($1.05) to GBX 55 ($0.72) and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Canaccord Genuity boosted their target price on Tullow Oil from GBX 55 ($0.72) to GBX 60 ($0.79) and gave the stock a “hold” rating in a research note on Monday, January 20th. Finally, Citigroup restated a “neutral” rating on shares of Tullow Oil in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Tullow Oil currently has an average rating of “Hold” and a consensus price target of GBX 87.14 ($1.15).

TLW opened at GBX 24 ($0.32) on Monday. The firm has a market cap of $145.15 million and a price-to-earnings ratio of -0.20. The company has a current ratio of 1.01, a quick ratio of 0.74 and a debt-to-equity ratio of 457.18. Tullow Oil has a 12 month low of GBX 7.17 ($0.09) and a 12 month high of GBX 251.31 ($3.31). The stock has a fifty day moving average price of GBX 20.89 and a 200-day moving average price of GBX 66.31.

In other Tullow Oil news, insider Les Wood sold 47,711 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of GBX 26 ($0.34), for a total transaction of £12,404.86 ($16,317.89).

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.

Recommended Story: What are benefits of a growth and income fund?

Analyst Recommendations for Tullow Oil (LON:TLW)

Receive News & Ratings for Tullow Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil and related companies with MarketBeat.com's FREE daily email newsletter.