TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) from a hold rating to a sell rating in a report published on Saturday morning, 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. “

A number of other research firms also recently issued reports on TUWOY. Morgan Stanley boosted their price target on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an equal weight rating in a research note on Tuesday, June 11th. Jefferies Financial Group boosted their price target on shares of PureTech Health from GBX 280 ($3.66) to GBX 340 ($4.44) and gave the company a buy rating in a research note on Friday, July 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $1.50.

TULLOW OIL PLC/ADR stock opened at $1.32 on Friday. The company has a 50 day moving average of $1.27. The stock has a market cap of $1.76 billion, a P/E ratio of 33.00 and a beta of 1.39. TULLOW OIL PLC/ADR has a 1 year low of $1.00 and a 1 year high of $1.71. The company has a quick ratio of 1.54, a current ratio of 1.63 and a debt-to-equity ratio of 1.11.

About TULLOW OIL PLC/ADR

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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