Tullow Oil Receives Overweight Rating from JPMorgan Chase & Co. (TLW)
Tullow Oil (LON:TLW)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, American Banking and Market News reports. They currently have a GBX 1,260 ($20.18) target price on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 20.46% from the company’s current price.
TLW has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Friday. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Thursday. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Thursday. They now have a GBX 1,125 ($18.02) price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 1,835.35 ($29.40).
Tullow Oil (LON:TLW) traded down 1.41% during mid-day trading on Friday, hitting GBX 1046.00. 771,595 shares of the company’s stock traded hands. Tullow Oil has a 52-week low of GBX 931.0001 and a 52-week high of GBX 1485.00. The stock’s 50-day moving average is GBX 1045. and its 200-day moving average is GBX 1080.. The company’s market cap is £9.497 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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