AlphaValue Reiterates Sell Rating for Tullow Oil (TLW)
Tullow Oil (LON:TLW)‘s stock had its “sell” rating reaffirmed by research analysts at AlphaValue in a report released on Thursday, Analyst Ratings Network reports. They currently have a GBX 842 ($13.59) price objective on the stock. AlphaValue’s price target indicates a potential downside of 16.72% from the stock’s previous close.
Tullow Oil (LON:TLW) traded down 0.69% during mid-day trading on Thursday, hitting GBX 1004.00. The stock had a trading volume of 604,285 shares. Tullow Oil has a 1-year low of GBX 931.0001 and a 1-year 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 £9.115 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura cut their price target on shares of Tullow Oil (LON:TLW) from GBX 1,220 ($19.68) to GBX 1,130 ($18.23) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,830.35 ($29.53).
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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