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Canaccord Genuity Reiterates Hold Rating on Tullow Oil

Tullow Oil logoTullow Oil
Sig1.78Sen+1.25Env0.00Soc0.00Gov0.00

Canaccord Genuity reiterated a Hold rating on Tullow Oil and set a price target of p15.00. A broader analyst consensus is described as Moderate Buy with an average target of p24.67. For the quarter ending Dec. 31, Tullow Oil reported quarterly revenue of p645.9 million and net profit of p36.85 million versus p776.1 million revenue and a GAAP net loss of p141.4 million last year, with insider activity indicating increased buying.

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