Tullow Oil PLC (TUWOY) Lifted to Buy at Zacks Investment Research

Tullow Oil PLC (OTCMKTS:TUWOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm presently has a $1.50 price objective on the stock. Zacks Investment Research’s target price would suggest a potential upside of 9.01% from the stock’s current price.

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. “

TUWOY has been the topic of several other research reports. Morgan Stanley started coverage on shares of Tullow Oil PLC in a research note on Friday, June 10th. They set an “equal weight” rating on the stock. Goldman Sachs Group Inc. raised shares of Tullow Oil PLC from a “neutral” rating to a “buy” rating in a research note on Thursday, July 7th.

Tullow Oil PLC (OTCMKTS:TUWOY) traded up 0.000% on Wednesday, reaching $1.376. The stock’s market capitalization is $2.51 billion. The company has a 50-day moving average of $1.44 and a 200 day moving average of $1.53. Tullow Oil PLC has a 12 month low of $0.78 and a 12 month high of $2.08.

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