Tullow Oil plc (OTCMKTS:TUWLF) Receives Average Rating of “Buy” from Brokerages

Shares of Tullow Oil plc (OTCMKTS:TUWLF) have earned an average rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of analysts have issued reports on TUWLF shares. Jefferies Financial Group raised Tullow Oil from a “hold” rating to a “buy” rating in a research report on Friday, July 5th. HSBC started coverage on Tullow Oil in a research report on Tuesday, May 28th. They issued a “hold” rating on the stock. Berenberg Bank raised Tullow Oil from a “hold” rating to a “buy” rating in a research report on Monday. Macquarie started coverage on Tullow Oil in a research report on Wednesday, May 1st. They issued a “neutral” rating on the stock. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Tullow Oil in a research report on Tuesday, June 11th.

OTCMKTS TUWLF traded up $0.04 during midday trading on Friday, hitting $2.50. 42,500 shares of the company traded hands, compared to its average volume of 10,357. Tullow Oil has a 52 week low of $2.09 and a 52 week high of $3.52. The company’s 50-day simple moving average is $2.50 and its 200-day simple 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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Analyst Recommendations for Tullow Oil (OTCMKTS:TUWLF)

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