Zacks Investment Research cut shares of Tullow Oil Plc (NASDAQ:TUWOY) from a buy rating to a hold rating in a report released on Friday morning.

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. “

Separately, Jefferies Group LLC downgraded Tullow Oil Plc from a buy rating to a hold rating in a report on Tuesday, August 29th.

Shares of Tullow Oil Plc (NASDAQ TUWOY) traded up 7.21% during midday trading on Friday, reaching $1.19. The company’s stock had a trading volume of 136,278 shares. The company’s market cap is $2.92 billion. Tullow Oil Plc has a 12 month low of $0.92 and a 12 month high of $2.10. The stock has a 50-day moving average of $1.04 and a 200 day moving average of $1.21.

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