Berenberg Bank upgraded shares of Tullow Oil (OTCMKTS:TUWLF) from a hold rating to a buy rating in a report released on Monday, Briefing.com Automated Import reports.
Several other research analysts also recently issued reports on the stock. Macquarie started coverage on shares of Tullow Oil in a research report on Wednesday, May 1st. They set a neutral rating on the stock. HSBC started coverage on shares of Tullow Oil in a research report on Tuesday, May 28th. They set a hold rating on the stock. Jefferies Financial Group raised shares of Tullow Oil from a hold rating to a buy rating in a research report on Friday, July 5th. Finally, Morgan Stanley reissued an equal weight rating on shares of Tullow Oil in a research report on Tuesday, June 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tullow Oil presently has an average rating of Buy.
Shares of Tullow Oil stock opened at $2.46 on Monday. Tullow Oil has a 1 year low of $2.09 and a 1 year high of $3.52. The company’s fifty day moving average is $2.50 and its two-hundred day moving average is $2.78.
About Tullow Oil
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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