Zacks Investment Research upgraded shares of Tullow Oil PLC (OTCMKTS:TUWOY) from a hold rating to a buy rating in a research note published on Wednesday. They currently have $1.50 price objective on the stock.

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 research analysts also recently issued reports on TUWOY. Morgan Stanley assumed coverage on Tullow Oil PLC in a report on Friday, June 10th. They set an equal weight rating for the company. Goldman Sachs Group Inc. upgraded Tullow Oil PLC from a neutral rating to a buy rating in a report on Thursday, July 7th.

Shares of Tullow Oil PLC (OTCMKTS:TUWOY) opened at 1.42 on Wednesday. Tullow Oil PLC has a 52-week low of $0.78 and a 52-week high of $2.08. The company’s market capitalization is $2.59 billion. The stock’s 50 day moving average price is $1.44 and its 200-day moving average price is $1.53.

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