Tullow Oil (OTCMKTS:TUWOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
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, Jefferies Group upgraded Tullow Oil from an “underperform” rating to a “hold” rating in a report on Wednesday, December 20th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Tullow Oil presently has a consensus rating of “Hold” and an average price target of $1.75.
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About Tullow Oil
Tullow Oil plc engages in the oil and gas exploration, development, and production activities. The company operates through West Africa, East Africa, and New Ventures segments. Its portfolio comprises approximately 100 licenses covering 253,034 square kilometers in 18 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
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