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

Tullow Oil (OTCMKTS:TUWOY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday, Zacks.com reports.

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. “

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Tullow Oil from GBX 74 ($0.93) to GBX 78 ($0.98) in a report on Monday, May 23rd. Peel Hunt raised shares of Tullow Oil from a “hold” rating to a “buy” rating in a report on Tuesday, March 29th. Finally, Barclays lifted their target price on shares of Tullow Oil from GBX 85 ($1.07) to GBX 87 ($1.09) in a report on Wednesday, April 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Tullow Oil presently has an average rating of “Buy” and an average price target of $55.08.

TUWOY stock opened at $0.31 on Friday. The company’s 50 day moving average is $0.32 and its two-hundred day moving average is $0.31. Tullow Oil has a twelve month low of $0.23 and a twelve month high of $0.43.

Tullow Oil Company Profile (Get Rating)

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2021, its portfolio comprised 30 licenses in 8 countries with 30 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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