Tullow Oil (LON:TLW) Earns “Hold” Rating from Jefferies Financial Group

Tullow Oil (LON:TLW)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Financial Group in a research note issued on Thursday, London Stock Exchange reports. They presently have a GBX 7 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 31.51% from the stock’s current price.

Several other research firms also recently issued reports on TLW. Canaccord Genuity Group upped their price objective on shares of Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a research note on Friday, August 14th. Peel Hunt reissued a “buy” rating and issued a GBX 24 target price on shares of Tullow Oil in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tullow Oil has an average rating of “Hold” and an average target price of GBX 12.85.

Tullow Oil Price Performance

Tullow Oil stock opened at GBX 10.22 on Thursday. Tullow Oil has a 12-month low of GBX 3.51 and a 12-month high of GBX 25. The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of -543.66. The stock has a market cap of £154.84 million, a P/E ratio of 25.55, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55. The company has a fifty day simple moving average of GBX 18.62 and a 200-day simple moving average of GBX 15.46.

Tullow Oil Company Profile

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.