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Tullow Oil (LON:TLW) Earns Underperform Rating from Jefferies Financial Group

Tullow Oil logo with Energy background

Key Points

  • Jefferies Financial Group has reiterated an "underperform" rating on Tullow Oil (LON:TLW) with a target price of GBX 12 ($0.16), suggesting a potential upside of 6.76% from its previous close.
  • Other analysts, including Shore Capital, have issued conflicting ratings, with Shore Capital maintaining a "buy" rating and Canaccord Genuity raising their price target from GBX 14 to GBX 16 while maintaining a "hold" rating.
  • Tullow Oil's stock performance shows a current price of GBX 11.24 ($0.15), with a market cap of £207.91 million and a significant debt-to-equity ratio of -1,776.31.
  • Want stock alerts on Tullow Oil? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Tullow Oil (LON:TLW - Get Free Report)'s stock had its "underperform" rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 12 ($0.16) price objective on the stock. Jefferies Financial Group's target price indicates a potential upside of 6.76% from the company's previous close.

TLW has been the subject of several other research reports. Shore Capital reiterated a "buy" rating on shares of Tullow Oil in a research note on Wednesday, July 30th. Canaccord Genuity Group lifted their price objective on Tullow Oil from GBX 14 ($0.19) to GBX 16 ($0.21) and gave the company a "hold" rating in a research note on Thursday, May 29th.

Check Out Our Latest Research Report on TLW

Tullow Oil Stock Performance

LON TLW opened at GBX 11.24 ($0.15) on Thursday. The stock has a 50-day moving average of GBX 16.21 and a two-hundred day moving average of GBX 15.73. The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market cap of £207.91 million, a P/E ratio of 13.28, a P/E/G ratio of -0.19 and a beta of 2.08. Tullow Oil has a 1-year low of GBX 11 ($0.15) and a 1-year high of GBX 29.04 ($0.39).

Insider Activity

In related news, insider Roald Goethe acquired 100,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average price of GBX 17 ($0.23) per share, for a total transaction of £17,000 ($22,709.06). Insiders own 24.59% of the company's stock.

Tullow Oil Company Profile

(Get Free Report)

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company's operations are focused on its West-African producing assets in Ghana, Gabon and Côte d'Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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