Royal Bank of Canada reissued their outperform rating on shares of Tullow Oil (LON:TLW) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the company. Barclays reaffirmed an overweight rating and issued a GBX 290 ($3.79) price target on shares of Tullow Oil in a report on Thursday, July 25th. Berenberg Bank raised Tullow Oil to a buy rating and upped their price target for the company from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Monday. Jefferies Financial Group raised Tullow Oil to a buy rating and set a GBX 245 ($3.20) price target for the company in a report on Friday, July 5th. UBS Group reaffirmed a neutral rating on shares of Tullow Oil in a report on Thursday, July 25th. Finally, Goldman Sachs Group upped their price target on Tullow Oil from GBX 260 ($3.40) to GBX 337 ($4.40) and gave the company a conviction-buy rating in a report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Tullow Oil currently has a consensus rating of Buy and a consensus target price of GBX 261.96 ($3.42).
Tullow Oil stock opened at GBX 196.55 ($2.57) on Tuesday. The business has a 50 day moving average price of GBX 199.92 and a two-hundred day moving average price of GBX 216.03. The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 170.48. The stock has a market cap of $2.78 billion and a price-to-earnings ratio of 21.13. Tullow Oil has a 12 month low of GBX 163.30 ($2.13) and a 12 month high of GBX 273.90 ($3.58).
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.
Further Reading: Are sell-side analysts objective?
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