Canaccord Genuity cut shares of TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) to a buy rating in a research note released on Thursday, The Fly reports.
A number of other brokerages also recently issued reports on TUWOY. Zacks Investment Research upgraded shares of TULLOW OIL PLC/ADR from a sell rating to a hold rating in a research note on Friday, October 25th. Berenberg Bank upgraded shares of TULLOW OIL PLC/ADR from a hold rating to a buy rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TULLOW OIL PLC/ADR presently has an average rating of Buy and a consensus target price of $1.50.
Shares of TULLOW OIL PLC/ADR stock opened at $0.99 on Thursday. TULLOW OIL PLC/ADR has a 52-week low of $0.95 and a 52-week high of $1.64. The company has a 50 day moving average of $1.30 and a 200 day moving average of $1.29. The company has a quick ratio of 1.54, a current ratio of 1.69 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.38 billion, a P/E ratio of 24.75 and a beta of 1.35.
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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