Goldman Sachs Group reiterated their conviction-buy rating on shares of Tullow Oil (LON:TLW) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Tullow Oil from GBX 292 ($3.82) to GBX 288 ($3.76) and set an overweight rating on the stock in a research report on Wednesday, April 17th. 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. Berenberg Bank upgraded shares of Tullow Oil to a buy rating and boosted their price target for the company 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. Finally, HSBC started coverage on shares of Tullow Oil in a research report on Tuesday, May 28th. They issued a hold rating and a GBX 220 ($2.87) price target on the stock. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Tullow Oil presently has an average rating of Buy and a consensus target price of GBX 261.96 ($3.42).
Shares of Tullow Oil stock opened at GBX 202.50 ($2.65) on Tuesday. The company has a debt-to-equity ratio of 170.48, a quick ratio of 0.85 and a current ratio of 1.70. The firm’s 50-day simple moving average is GBX 199.72 and its 200-day simple moving average is GBX 215.96. Tullow Oil has a twelve month low of GBX 163.30 ($2.13) and a twelve month high of GBX 273.90 ($3.58). The firm has a market cap of $2.84 billion and a P/E ratio of 21.77.
Tullow Oil Company Profile
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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