Tullow Oil (TUWOY) Lowered to Hold at Zacks Investment Research

Tullow Oil (OTCMKTS:TUWOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday. They currently have a $1.50 price target on the energy company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 1.35% from the company’s current price.

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. “

Several other brokerages have also recently weighed in on TUWOY. Jefferies Group upgraded Tullow Oil from an “underperform” rating to a “hold” rating in a research report on Wednesday, December 20th. Royal Bank of Canada upgraded Tullow Oil from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus upgraded Tullow Oil from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $1.50.

Tullow Oil (OTCMKTS:TUWOY) opened at $1.48 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 1.31. Tullow Oil has a 12-month low of $0.92 and a 12-month high of $2.08.

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Tullow Oil Company Profile

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