Tullow Oil Receives Hold Rating from Societe Generale (TLW)
Tullow Oil (LON:TLW)‘s stock had its “hold” rating reaffirmed by equities researchers at Societe Generale in a research report issued on Thursday, Analyst Ratings News reports. They currently have a GBX 1,125 ($18.05) price target on the stock. Societe Generale’s price objective would indicate a potential upside of 15.33% from the stock’s previous close.
TLW has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “sell” rating on shares of Tullow Oil in a research note to investors on Thursday, October 3rd. They now have a GBX 842 ($13.51) price target on the stock. Separately, analysts at Nomura cut their price target on shares of Tullow Oil from GBX 1,220 ($19.57) to GBX 1,130 ($18.13) in a research note to investors on Wednesday, October 2nd. They now have a “neutral” rating on the stock. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Tullow Oil in a research note to investors on Tuesday, October 1st. They now have a GBX 1,285 ($20.62) 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 company. The company has an average rating of “Hold” and a consensus target price of GBX 1,830.35 ($29.37).
Tullow Oil (LON:TLW) traded up 0.77% on Thursday, hitting GBX 983.00. The stock had a trading volume of 1,233,692 shares. 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 £8.925 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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