Tullow Oil (LON:TLW) Stock Keeps Hold Rating at Jefferies Financial Group

Tullow Oil (LON:TLW)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Financial Group in a report issued on Thursday, October 1st, MarketBeat.com reports. They currently have a GBX 7 target price on the stock. Jefferies Financial Group’s target price indicates a potential downside of 31.91% from the stock’s current price.

TLW has been the subject of a number of other reports. Peel Hunt reissued a “buy” rating and set a GBX 24 price objective on shares of Tullow Oil in a report on Wednesday, August 5th. Canaccord Genuity Group raised their target price on Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 12.85.

Tullow Oil Stock Down 1.0%

Shares of LON:TLW traded down GBX 0.10 during midday trading on Thursday, hitting GBX 10.28. 25,436,801 shares of the company’s stock were exchanged, compared to its average volume of 19,543,920. 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 stock has a 50 day moving average price of GBX 18.17 and a 200-day moving average price of GBX 15.33. The company has a market cap of £155.74 million, a PE ratio of -4.67, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55. Tullow Oil has a 12 month low of GBX 3.51 and a 12 month high of GBX 25.

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.