Tullow Oil Receives “Hold” Rating from Canaccord Genuity (TLW)
Tullow Oil (LON:TLW)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity in a report issued on Wednesday, Analyst Ratings News reports. They currently have a GBX 950 ($15.66) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 10.08% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Tullow Oil in a research note to investors on Tuesday. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Tullow Oil in a research note to investors on Monday. They now have a GBX 1,490 ($24.56) price target on the stock, down previously from GBX 1,510 ($24.88). Finally, 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Tullow Oil currently has a consensus rating of “Hold” and an average price target of GBX 1,222.37 ($20.14).
Tullow Oil (LON:TLW) traded up 0.76% during mid-day trading on Wednesday, hitting GBX 863.00. The stock had a trading volume of 4,601,793 shares. Tullow Oil has a 1-year low of GBX 818.00 and a 1-year high of GBX 1270.00. The stock’s 50-day moving average is GBX 579.0 and its 200-day moving average is GBX 765.1. The company’s market cap is £7.835 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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