Tullow Oil Stock Rating Reaffirmed by JPMorgan Chase & Co. (TLW)
Tullow Oil (LON:TLW)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports.
A number of other firms have also recently commented on TLW. Analysts at Deutsche Bank raised their price target on shares of Tullow Oil from GBX 975 ($16.07) to GBX 980 ($16.15) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Beaufort Securities upgraded shares of Tullow Oil to a “buy” rating in a research note to investors on Thursday. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Tullow Oil in a research note to investors on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,210.49 ($19.95).
Tullow Oil (LON:TLW) traded up 5.16% during mid-day trading on Thursday, hitting GBX 907.50. 6,063,106 shares of the company’s stock traded hands. 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 603.3 and a 200-day moving average of GBX 766.1. The company’s market cap is £8.239 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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