Tullow Oil Price Target Cut to GBX 1,130 by Analysts at Nomura (TLW)
Stock analysts at Nomura reduced their target price on shares of Tullow Oil (LON:TLW) from GBX 1,220 ($19.68) to GBX 1,130 ($18.23) in a report issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Nomura’s price objective points to a potential upside of 11.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Tuesday. They now have a GBX 1,285 ($20.73) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Friday, September 27th. They now have a GBX 1,260 ($20.33) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Friday, September 27th. Three 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’s stock. Tullow Oil has an average rating of “Hold” and a consensus target price of GBX 1,831.15 ($29.54).
Shares of Tullow Oil (LON:TLW) traded down 1.94% on Wednesday, hitting GBX 1010.9999. 1,165,411 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 has a 50-day moving average of GBX 1045. and a 200-day moving average of GBX 1080.. The company’s market cap is £9.179 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.