Tullow Oil’s “Overweight” Rating Reaffirmed at Barclays (TLW)
Tullow Oil (LON:TLW)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Monday, American Banking and Market News reports.
Shares of Tullow Oil (LON:TLW) opened at 894.50 on Monday. Tullow Oil has a 52-week low of GBX 818.00 and a 52-week high of GBX 1270.00. The stock has a 50-day moving average of GBX 580.0 and a 200-day moving average of GBX 770.5. The company’s market cap is £8.121 billion.
A number of other analysts have also recently weighed in on TLW. Analysts at Nomura raised their price target on shares of Tullow Oil from GBX 1,130 ($18.62) to GBX 1,170 ($19.28) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Tullow Oil in a research note to investors on Wednesday, January 8th. They now have a GBX 975 ($16.07) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Tullow Oil in a research note to investors on Friday, December 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,213.99 ($20.01).
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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