TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Tullow Oil plc operates as an independent oil and gas exploration and production company in Europe. Tullow has a large portfolio of exploration and production assets with a focus on balanced long-term growth. Tullow Oil plc is headquartered in London, the United Kingdom. “

Other equities analysts have also issued reports about the company. Berenberg Bank upgraded TULLOW OIL PLC/ADR from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Morgan Stanley lowered TULLOW OIL PLC/ADR from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 11th. Finally, Jefferies Financial Group upgraded TULLOW OIL PLC/ADR from a “hold” rating to a “buy” rating in a report on Friday, July 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. TULLOW OIL PLC/ADR has a consensus rating of “Buy” and an average price target of $1.50.

Shares of OTCMKTS:TUWOY traded up $0.02 during midday trading on Thursday, hitting $1.30. 18,000 shares of the stock were exchanged, compared to its average volume of 23,630. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.54 and a current ratio of 1.63. TULLOW OIL PLC/ADR has a 52-week low of $1.00 and a 52-week high of $1.71. The business’s fifty day simple moving average is $1.22 and its two-hundred day simple moving average is $1.36. The company has a market capitalization of $1.81 billion, a PE ratio of 32.50 and a beta of 1.34.

TULLOW OIL PLC/ADR 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 PLC/ADR (OTCMKTS:TUWOY)

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