Tullow Oil’s (TLW) “Hold” Rating Reaffirmed at Berenberg Bank
Berenberg Bank reaffirmed their hold rating on shares of Tullow Oil (LON:TLW) in a report published on Friday, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the company. Barclays reissued an underweight rating and issued a $150.00 price target on shares of Tesla in a research note on Thursday, July 25th. Morgan Stanley lifted their price objective on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an equal weight rating in a research note on Tuesday, June 11th. Goldman Sachs Group raised UCB S A/ADR from a neutral rating to a buy rating in a research note on Thursday, May 30th. Canaccord Genuity raised Nuvista Energy to a buy rating in a research note on Tuesday, April 9th. Finally, HSBC began coverage on Tullow Oil in a research note on Tuesday, May 28th. They issued a hold rating on the stock. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 262.45 ($3.43).
Shares of LON:TLW opened at GBX 189.95 ($2.48) on Friday. The stock has a 50-day simple moving average of GBX 205.77. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 170.48. Tullow Oil has a 12-month low of GBX 163.30 ($2.13) and a 12-month high of GBX 273.90 ($3.58). The firm has a market cap of $2.67 billion and a price-to-earnings ratio of 20.42.
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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