Tullow Oil (OTCMKTS:TUWOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.
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 have also issued research reports about the company. Morgan Stanley lowered Tullow Oil from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 21st. Jefferies Financial Group upgraded Tullow Oil from a “hold” rating to a “buy” rating in a research report on Friday, October 8th. JPMorgan Chase & Co. upgraded Tullow Oil from a “neutral” rating to an “overweight” rating in a research report on Friday, December 10th. Berenberg Bank upgraded Tullow Oil from a “hold” rating to a “buy” rating in a research report on Friday, October 15th. Finally, Barclays reiterated an “equal weight” rating on shares of Tullow Oil in a research report on Friday, October 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $0.25.
TUWOY opened at $0.28 on Tuesday. Tullow Oil has a 52 week low of $0.16 and a 52 week high of $0.41. The business’s fifty day simple moving average is $0.29 and its 200 day simple moving average is $0.31.
Tullow Oil Company Profile
Tullow Oil Plc engages in the exploration, development and production of oil and gas. It operates through the following geographical segments: West Africa, East Africa, and New Ventures. The company was founded by Aidan Joseph Heavey in 1985 and is headquartered in London, the United Kingdom.