Tullow Oil’s (TLW) “Outperform” Rating Reiterated at Royal Bank of Canada
Royal Bank of Canada reaffirmed their outperform rating on shares of Tullow Oil (LON:TLW) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.
Several other research firms also recently commented on TLW. HSBC lifted their target price on shares of 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. Berenberg Bank upgraded shares of Tullow Oil to a buy rating and lifted their target price for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a research report on Monday, August 12th. UBS Group restated a neutral rating on shares of Tullow Oil in a research report on Thursday, July 25th. Jefferies Financial Group upgraded shares of Tullow Oil to a buy rating and set a GBX 245 ($3.20) price target on the stock in a research report on Friday, July 5th. Finally, Morgan Stanley downgraded shares of Tullow Oil to an equal weight rating and dropped their price target for the stock from GBX 276 ($3.61) to GBX 252 ($3.29) in a research report on Tuesday, June 11th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 262.63 ($3.43).
LON:TLW traded up GBX 4.60 ($0.06) during mid-day trading on Thursday, hitting GBX 222.30 ($2.90). 4,543,076 shares of the company’s stock were exchanged, compared to its average volume of 9,450,000. The company has a 50 day simple moving average of GBX 199.46 and a 200-day simple moving average of GBX 215.57. 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 fifty-two week low of GBX 163.30 ($2.13) and a fifty-two week high of GBX 273.90 ($3.58). The firm has a market capitalization of $3.12 billion and a P/E ratio of 23.90.
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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