Royal Bank of Canada reiterated their outperform rating on shares of Tullow Oil (LON:TLW) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also commented on TLW. Jefferies Financial Group upgraded Tullow Oil to a buy rating and set a GBX 245 ($3.20) price objective on the stock in a research report on Friday, July 5th. HSBC began coverage on Tullow Oil in a research report on Tuesday, May 28th. They issued a hold rating and a GBX 220 ($2.87) price target on the stock. Berenberg Bank upgraded Tullow Oil to a buy rating and raised their price target for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a research report on Monday. Goldman Sachs Group raised their price target on Tullow Oil from GBX 260 ($3.40) to GBX 337 ($4.40) and gave the stock a conviction-buy rating in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. reduced their price target on Tullow Oil from GBX 292 ($3.82) to GBX 288 ($3.76) and set an overweight rating on the stock in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 261.96 ($3.42).
Shares of TLW opened at GBX 196.55 ($2.57) on Tuesday. The firm has a market capitalization of $2.78 billion and a price-to-earnings ratio of 21.13. The company has a debt-to-equity ratio of 170.48, a quick ratio of 0.85 and a current ratio of 1.70. The business’s fifty day moving average price is GBX 199.92 and its two-hundred day moving average price is GBX 216.03. Tullow Oil has a 52 week low of GBX 163.30 ($2.13) and a 52 week high of GBX 273.90 ($3.58).
Tullow Oil Company Profile
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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