Tullow Oil Price Target Lowered to GBX 1,367 at Liberum Capital (TLW)
Analysts at Liberum Capital cut their target price on shares of Tullow Oil (LON:TLW) from GBX 1,445 ($23.81) to GBX 1,367 ($22.53) in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s price objective indicates a potential upside of 50.63% from the stock’s previous close.
A number of other analysts have also recently weighed in on TLW. Analysts at UBS AG reiterated a “neutral” rating on shares of Tullow Oil in a research note to investors on Thursday. They now have a GBX 925 ($15.24) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tullow Oil in a research note to investors on Thursday. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,206.54 ($19.88).
Shares of Tullow Oil (LON:TLW) opened at 908.50 on Friday. 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 603.3 and its 200-day moving average is GBX 766.1. The company’s market cap is £8.248 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.