UBS Group reaffirmed their neutral rating on shares of Tullow Oil (LON:TLW) in a report published on Friday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently commented on TLW. HSBC initiated coverage on Tullow Oil in a report on Tuesday, May 28th. They set a hold rating and a GBX 220 ($2.87) price target for the company. Barclays raised Tullow Oil to an overweight rating and boosted their price target for the stock from GBX 225 ($2.94) to GBX 310 ($4.05) in a report on Wednesday, March 6th. Goldman Sachs Group boosted their price target on Tullow Oil from GBX 260 ($3.40) to GBX 337 ($4.40) and gave the stock a conviction-buy rating in a report on Thursday, May 30th. Berenberg Bank reissued a hold rating and set a GBX 230 ($3.01) price target on shares of Tullow Oil in a report on Tuesday, May 21st. Finally, Jefferies Financial Group lowered their price target on Tullow Oil from GBX 250 ($3.27) to GBX 245 ($3.20) and set a hold rating for the company in a report on Tuesday, April 9th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 260.58 ($3.40).
Tullow Oil stock opened at GBX 208.40 ($2.72) on Friday. The company has a debt-to-equity ratio of 160.08, a current ratio of 1.63 and a quick ratio of 0.72. Tullow Oil has a 52 week low of GBX 163.30 ($2.13) and a 52 week high of GBX 273.90 ($3.58). The firm has a market cap of $2.92 billion and a PE ratio of 35.32. The stock’s fifty day simple moving average is GBX 209.27.
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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