Tullow Oil Price Target Cut to GBX 1,025 by Analysts at Credit Suisse (TLW)
Research analysts at Credit Suisse dropped their price target on shares of Tullow Oil (LON:TLW) from GBX 1,097 ($18.01) to GBX 1,025 ($16.83) in a report released on Tuesday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target would indicate a potential upside of 15.23% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital cut their price target on shares of Tullow Oil from GBX 1,445 ($23.72) to GBX 1,367 ($22.44) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG reiterated a “neutral” rating on shares of Tullow Oil in a research note to investors on Thursday, January 16th. They now have a GBX 925 ($15.18) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tullow Oil in a research note to investors on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 1,202.94 ($19.75).
Tullow Oil (LON:TLW) traded down 1.28% during mid-day trading on Tuesday, hitting GBX 889.5001. The stock had a trading volume of 2,132,724 shares. Tullow Oil has a 1-year low of GBX 818.00 and a 1-year high of GBX 1270.00. The stock has a 50-day moving average of GBX 557.6 and a 200-day moving average of GBX 755.6. The company’s market cap is £8.076 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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