Tullow Oil Stock Rating Reaffirmed by Numis Securities Ltd (TLW)
Tullow Oil (LON:TLW)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday, Stock Ratings News reports. They currently have a GBX 952 ($15.63) target price on the stock. Numis Securities Ltd’s price target suggests a potential upside of 7.03% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Tullow Oil from GBX 1,097 ($18.01) to GBX 1,025 ($16.83) in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, 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, January 17th. They now have a “buy” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 1,196.34 ($19.64).
Shares of Tullow Oil (LON:TLW) traded up 1.01% on Wednesday, hitting GBX 898.4999. 1,580,770 shares of the company’s stock traded hands. 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 557.6 and its 200-day moving average is GBX 755.6. The company’s market cap is £8.157 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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