Tullow Oil PLC (TUWOY) Lowered to “Hold” at Zacks Investment Research
Tullow Oil PLC (OTCMKTS:TUWOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
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. “
Separately, Goldman Sachs Group Inc. raised shares of Tullow Oil PLC from a “neutral” rating to a “buy” rating in a report on Thursday, July 7th.
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Tullow Oil PLC (OTCMKTS:TUWOY) traded up 1.20% during midday trading on Tuesday, reaching $1.69. 1,021 shares of the company were exchanged. Tullow Oil PLC has a 52 week low of $0.78 and a 52 week high of $2.08. The stock’s market capitalization is $3.08 billion. The firm’s 50 day moving average price is $1.50 and its 200-day moving average price is $1.55.
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