Jefferies Financial Group Comments on TULLOW OIL PLC/ADR’s FY2019 Earnings (OTCMKTS:TUWOY)
TULLOW OIL PLC/ADR (OTCMKTS:TUWOY) – Equities researchers at Jefferies Financial Group reduced their FY2019 earnings per share estimates for shares of TULLOW OIL PLC/ADR in a research note issued on Monday, July 15th. Jefferies Financial Group analyst M. Wilson now expects that the energy company will earn $0.06 per share for the year, down from their prior forecast of $0.07. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for TULLOW OIL PLC/ADR’s FY2020 earnings at $0.05 EPS, FY2021 earnings at $0.05 EPS and FY2023 earnings at $0.04 EPS.
Several other brokerages also recently weighed in on TUWOY. Morgan Stanley lifted their target price on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an “equal weight” rating in a report on Tuesday, June 11th. Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday, July 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $1.50.
TULLOW OIL PLC/ADR Company Profile
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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