BNP Paribas Reiterates Outperform Rating for Tullow Oil (TLW)
Tullow Oil (LON:TLW)‘s stock had its “outperform” rating restated by BNP Paribas in a research note issued on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 1,198 ($19.67) price target on the stock. BNP Paribas’ price target suggests a potential upside of 33.41% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Tullow Oil in a research note to investors on Wednesday. They now have a GBX 952 ($15.63) price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. Tullow Oil has a consensus rating of “Buy” and an average target price of GBX 1,195.99 ($19.63).
Tullow Oil (LON:TLW) traded down 0.50% on Thursday, hitting GBX 893.5001. 1,232,506 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 533. and a 200-day moving average of GBX 742.2. The company’s market cap is £8.112 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.