Tullow Oil (LON:TLW) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

Tullow Oil (LON:TLW)‘s stock had its “hold” rating restated by Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 10 price objective on the stock. Jefferies Financial Group‘s price objective would indicate a potential downside of 5.66% from the company’s current price.

TLW has been the topic of a number of other reports. Canaccord Genuity Group boosted their price target on shares of Tullow Oil from GBX 14 to GBX 15 and gave the stock a “hold” rating in a research note on Friday, August 14th. Peel Hunt reissued a “buy” rating and issued a GBX 24 price target on shares of Tullow Oil in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 13.60.

Tullow Oil Trading Up 1.5%

Shares of TLW stock traded up GBX 0.16 during trading hours on Wednesday, hitting GBX 10.60. The company had a trading volume of 5,162,982 shares, compared to its average volume of 19,767,227. Tullow Oil has a fifty-two week low of GBX 3.51 and a fifty-two week high of GBX 25. The company has a debt-to-equity ratio of -543.66, a current ratio of 0.97 and a quick ratio of 0.63. The company’s fifty day moving average is GBX 17.04 and its 200 day moving average is GBX 13.63. The stock has a market capitalization of £160.59 million, a PE ratio of -4.82, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55.

About Tullow Oil

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.