Tullow Oil (TUWOY) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Tullow Oil (OTCMKTS:TUWOY) from a hold rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $1.50 price objective on the energy company’s stock.

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. “

Other analysts also recently issued reports about the stock. Stifel Nicolaus upgraded shares of Tullow Oil from a sell rating to a hold rating in a research report on Monday, September 25th. Jefferies Group downgraded shares of Tullow Oil from a buy rating to a hold rating in a research report on Tuesday, August 29th. Finally, Royal Bank of Canada upgraded shares of Tullow Oil from a sector perform rating to an outperform rating in a research report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $1.50.

Shares of Tullow Oil (OTCMKTS:TUWOY) opened at $1.30 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.59 and a current ratio of 1.70. Tullow Oil has a 52-week low of $0.92 and a 52-week high of $2.08.

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