Zacks Investment Research downgraded shares of Tullow Oil Plc (NASDAQ:TUWOY) from a hold rating to a sell rating in a report published on Wednesday morning.
According to Zacks, “Tullow Oil plc operates as an independent oil and gas exploration and production company in Europe. Tullow has a large portfolio of exploration and production assets with a focus on balanced long-term growth. Tullow Oil plc is headquartered in London, the United Kingdom. “
A number of other research analysts have also recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Tullow Oil Plc from a sector perform rating to an outperform rating in a report on Tuesday, September 26th. Stifel Nicolaus upgraded shares of Tullow Oil Plc from a sell rating to a hold rating in a report on Monday, September 25th. Finally, Jefferies Group LLC cut shares of Tullow Oil Plc from a buy rating to a hold rating in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $1.25.
Shares of Tullow Oil Plc (TUWOY) opened at $1.26 on Wednesday.
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