Tullow Oil plc (OTCMKTS:TUWLF)’s share price was down 3.1% on Wednesday . The company traded as low as $2.10 and last traded at $2.10, approximately 250 shares changed hands during trading. A decline of 98% from the average daily volume of 10,688 shares. The stock had previously closed at $2.17.
A number of research analysts have recently weighed in on TUWLF shares. HSBC began coverage on Tullow Oil in a research report on Tuesday, May 28th. They set a “hold” rating for the company. Macquarie began coverage on shares of Tullow Oil in a report on Wednesday, May 1st. They issued a “neutral” rating for the company. Jefferies Financial Group raised shares of Tullow Oil from a “hold” rating to a “buy” rating in a report on Friday, July 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Tullow Oil in a report on Tuesday, June 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy”.
The company’s fifty day moving average price is $2.55.
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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