Tullow Oil (OTCMKTS:TUWOY) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Tullow Oil (OTCMKTS:TUWOY) from a buy rating to a hold rating in a research note published on Friday, January 12th. They currently have $1.75 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. “

TUWOY has been the subject of several other research reports. Stifel Nicolaus raised shares of Tullow Oil from a sell rating to a hold rating in a research report on Monday, September 25th. Jefferies Group upgraded shares of Tullow Oil from an underperform rating to a hold rating in a research note on Wednesday, December 20th. Finally, Royal Bank of Canada upgraded shares of Tullow Oil from a sector perform rating to an outperform rating in a research note on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Tullow Oil currently has a consensus rating of Hold and an average price target of $1.75.

Shares of Tullow Oil (TUWOY) traded down $0.05 during mid-day trading on Friday, reaching $1.43. 4,289 shares of the company traded hands, compared to its average volume of 16,012. Tullow Oil has a 1 year low of $0.92 and a 1 year high of $1.90. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 1.31.

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Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. The company operates through West Africa, East Africa, and New Ventures segments. Its portfolio comprises approximately 100 licenses covering 253,034 square kilometers in 18 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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