Barclays Reiterates Overweight Rating for Tullow Oil (TLW)
Tullow Oil (LON:TLW)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a research report issued to clients and investors on Tuesday, AR Network reports. They currently have a GBX 1,490 ($24.49) price target on the stock. Barclays’ price target would suggest a potential upside of 89.81% from the stock’s previous close.
TLW has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Tullow Oil in a research note to investors on Monday. They now have a GBX 952 ($15.65) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Tullow Oil in a research note to investors on Monday. They now have a GBX 960 ($15.78) price target on the stock. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Tullow Oil in a research note to investors on Wednesday, January 29th. They now have a GBX 1,285 ($21.12) 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 presently has an average rating of “Buy” and a consensus price target of GBX 1,183.57 ($19.45).
Shares of Tullow Oil (LON:TLW) opened at 785.50 on Tuesday. Tullow Oil has a 1-year low of GBX 783.00 and a 1-year high of GBX 1270.00. The stock’s 50-day moving average is GBX 476.2 and its 200-day moving average is GBX 706.7. The company’s market cap is £7.132 billion.
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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