Liberum Capital Reiterates “Buy” Rating for Tullow Oil (TLW)
Tullow Oil (LON:TLW)‘s stock had its “buy” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Monday, Stock Ratings Network reports. They currently have a GBX 1,367 ($22.52) price target on the stock. Liberum Capital’s price target points to a potential upside of 62.06% from the stock’s previous close.
TLW has been the subject of a number of other recent research reports. Analysts at Morgan Stanley cut their price target on shares of Tullow Oil from GBX 1,510 ($24.88) to GBX 1,175 ($19.36) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Tullow Oil in a research note to investors on Thursday. They now have a GBX 1,198 ($19.74) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Tullow Oil in a research note to investors on Wednesday, January 22nd. They now have a GBX 952 ($15.69) price target on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 1,179.24 ($19.43).
Tullow Oil (LON:TLW) traded down 1.92% on Monday, hitting GBX 843.5001. The stock had a trading volume of 2,257,989 shares. Tullow Oil has a one year low of GBX 818.00 and a one year high of GBX 1270.00. The stock has a 50-day moving average of GBX 501.0 and a 200-day moving average of GBX 726.0. The company’s market cap is £7.658 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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