Tullow Oil (OTCMKTS:TUWOY) Cut to Equal Weight at Morgan Stanley

Tullow Oil (OTCMKTS:TUWOY) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Thursday, The Fly reports.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tullow Oil in a report on Thursday, September 16th. Canaccord Genuity upgraded Tullow Oil from a “hold” rating to a “buy” rating in a report on Wednesday, October 13th. Berenberg Bank upgraded Tullow Oil from a “hold” rating to a “buy” rating in a report on Friday, October 15th. Jefferies Financial Group upgraded Tullow Oil from a “hold” rating to a “buy” rating in a research note on Friday, October 8th. Finally, Zacks Investment Research upgraded Tullow Oil from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a research note on Tuesday, September 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Tullow Oil has a consensus rating of “Hold” and a consensus target price of $0.25.

TUWOY opened at $0.31 on Thursday. The stock has a market cap of $887.88 million, a price-to-earnings ratio of -0.94 and a beta of 2.29. Tullow Oil has a 1 year low of $0.10 and a 1 year high of $0.41. The stock has a fifty day moving average price of $0.29 and a 200 day moving average price of $0.32.

About Tullow Oil

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.

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