The Tullow Oil (TUWLF) Rating Lowered to Hold at HSBC Holdings plc

The Tullow Oil (TUWLF) Rating Lowered to Hold at HSBC Holdings plc

Tullow Oil (OTCMKTS:TUWLF) was downgraded by equities research analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other analysts have also recently weighed in on the stock. Macquarie cut shares of Tullow Oil from an “outperform” rating to a “neutral” rating in a report on Thursday, January 5th. Goldman Sachs Group Inc. cut shares of Tullow Oil from a “neutral” rating to a “sell” rating in a report on Tuesday, December 6th. Numis Securities Ltd reaffirmed a “sell” rating on shares of Tullow Oil in a research note on Friday, December 2nd. Davy Research reaffirmed an “outperform” rating on shares of Tullow Oil in a research note on Thursday, November 10th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Tullow Oil in a research note on Tuesday, November 8th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Tullow Oil presently has a consensus rating of “Hold”.

Shares of Tullow Oil (OTCMKTS:TUWLF) opened at 3.82 on Thursday. The firm’s market capitalization is $3.48 billion. Tullow Oil has a 12-month low of $2.02 and a 12-month high of $4.29. The stock’s 50 day moving average price is $3.88 and its 200-day moving average price is $3.26.

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