Jefferies Group LLC Downgrades Tullow Oil (TUWLF) to Underperform
Tullow Oil (OTC:TUWLF) was downgraded by analysts at Jefferies Group LLC from a “hold” rating to an “underperform” rating in a research note issued to investors on Wednesday, StockTargetPrices.com reports.
Several other equities analysts have also recently issued reports on the company. Sanford C. Bernstein cut Tullow Oil from an “outperform” rating to a “mkt perform” rating in a research report on Thursday, July 6th. Credit Suisse Group raised Tullow Oil from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 19th. Finally, Royal Bank Of Canada raised Tullow Oil from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold”.
Shares of Tullow Oil (OTC TUWLF) traded up 0.41% during mid-day trading on Wednesday, hitting $2.43. The stock had a trading volume of 300 shares. Tullow Oil has a 52-week low of $1.85 and a 52-week high of $4.23. The firm’s market cap is $2.98 billion. The firm has a 50 day moving average price of $2.13 and a 200 day moving average price of $2.32.
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