Tullow Oil plc (LON:TLW) Given Consensus Recommendation of “Buy” by Analysts

Shares of Tullow Oil plc (LON:TLW) have been given a consensus rating of “Buy” by the twelve brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 263.20 ($3.44).

Several research analysts have issued reports on the company. JPMorgan Chase & Co. raised DISCO CORP/ADR from an “underweight” rating to a “neutral” rating in a research report on Wednesday, April 17th. UBS Group reaffirmed a “buy” rating and set a GBX 285 ($3.72) price objective on shares of in a research report on Friday, June 21st. Canaccord Genuity raised Nuvista Energy to a “buy” rating in a research report on Tuesday, April 9th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 230 ($3.01) price objective on shares of in a research report on Wednesday, June 26th. Finally, HSBC initiated coverage on Tullow Oil in a research report on Tuesday, May 28th. They set a “hold” rating on the stock.

LON:TLW traded up GBX 1.55 ($0.02) on Tuesday, hitting GBX 199.50 ($2.61). The stock had a trading volume of 6,074,332 shares, compared to its average volume of 9,450,000. The stock has a market cap of $2.80 billion and a PE ratio of 33.81. The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 160.08. The business has a 50-day moving average price of GBX 206.33. Tullow Oil has a 52-week low of GBX 163.30 ($2.13) and a 52-week high of GBX 273.90 ($3.58).

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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