Brokers Offer Predictions for Tullow Oil Plc’s FY2019 Earnings (TUWOY)

Tullow Oil Plc (OTCMKTS:TUWOY) – Research analysts at Jefferies Group lowered their FY2019 earnings per share estimates for Tullow Oil in a research note issued to investors on Tuesday. Jefferies Group analyst M. Wilson now expects that the energy company will post earnings per share of $0.12 for the year, down from their previous estimate of $0.13. Jefferies Group has a “Hold” rating on the stock.

A number of other equities research analysts have also commented on TUWOY. Zacks Investment Research upgraded Tullow Oil from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research report on Tuesday, December 26th. Barclays lowered Tullow Oil from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Tullow Oil presently has a consensus rating of “Hold” and an average target price of $1.75.

Shares of Tullow Oil (TUWOY) traded down $0.07 during midday trading on Wednesday, reaching $1.21. The company had a trading volume of 5,200 shares, compared to its average volume of 16,810. Tullow Oil has a 52-week low of $0.92 and a 52-week high of $1.85. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.59 and a current ratio of 1.70.

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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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