Royal Bank of Canada restated their outperform rating on shares of Tullow Oil (LON:TLW) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other analysts have also recently issued reports on TLW. HSBC upped their price objective on Tullow Oil from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the stock a hold rating in a report on Thursday, August 15th. Canaccord Genuity raised Tullow Oil to a buy rating and upped their price objective for the stock from GBX 260 ($3.40) to GBX 280 ($3.66) in a report on Wednesday, August 21st. Barclays reaffirmed an overweight rating on shares of Tullow Oil in a report on Monday, September 9th. UBS Group reaffirmed a neutral rating on shares of Tullow Oil in a report on Thursday, July 25th. Finally, Jefferies Financial Group raised Tullow Oil to a buy rating and set a GBX 245 ($3.20) price objective on the stock in a report on Friday, July 5th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of GBX 262.63 ($3.43).
Shares of TLW opened at GBX 222.30 ($2.90) on Thursday. The stock has a market capitalization of $3.12 billion and a price-to-earnings ratio of 23.90. Tullow Oil has a 1 year low of GBX 163.30 ($2.13) and a 1 year high of GBX 273.90 ($3.58). The business’s 50 day simple moving average is GBX 199.92 and its 200-day simple moving average is GBX 215.56. The company has a debt-to-equity ratio of 170.48, a current ratio of 1.70 and a quick ratio of 0.85.
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.
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