Tullow Oil’s (TLW) “Hold” Rating Reiterated at Jefferies Financial Group

Tullow Oil (LON:TLW)‘s stock had its “hold” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 7 price target on the stock. Jefferies Financial Group’s price target indicates a potential downside of 31.10% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Peel Hunt restated a “buy” rating and set a GBX 24 price target on shares of Tullow Oil in a report on Wednesday, August 5th. Canaccord Genuity Group lifted their target price on shares of Tullow Oil from GBX 14 to GBX 15 and gave the stock a “hold” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 12.85.

Tullow Oil Stock Performance

LON TLW opened at GBX 10.16 on Thursday. The company has a fifty day moving average price of GBX 18.62 and a 200-day moving average price of GBX 15.46. The firm has a market cap of £153.93 million, a price-to-earnings ratio of 25.40, a PEG ratio of -0.19 and a beta of 0.55. The company has a debt-to-equity ratio of -543.66, a current ratio of 0.97 and a quick ratio of 0.63. Tullow Oil has a 1 year low of GBX 3.51 and a 1 year high of GBX 25.

About Tullow Oil

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.