Tullow Oil Price Target Lowered to GBX 1,150 at RBC Capital (TLW)
Equities researchers at RBC Capital dropped their target price on shares of Tullow Oil (LON:TLW) from GBX 1,375 ($22.56) to GBX 1,150 ($18.87) in a research report issued on Tuesday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 36.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “neutral” rating on shares of Tullow Oil in a research note on Monday. They now have a GBX 925 ($15.18) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Tullow Oil in a research note on Tuesday, February 4th. They now have a GBX 1,490 ($24.45) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Tullow Oil in a research note on Monday, February 3rd. They now have a GBX 952 ($15.62) price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,182.04 ($19.39).
Tullow Oil (LON:TLW) traded up 0.59% on Tuesday, hitting GBX 845.50. The stock had a trading volume of 3,346,225 shares. Tullow Oil has a 52-week low of GBX 775.50 and a 52-week high of GBX 1270.00. The stock’s 50-day moving average is GBX 601.7 and its 200-day moving average is GBX 721.4. The company’s market cap is £7.676 billion.
Tullow Oil plc (LON:TLW) is an United Kingdom -based company engaged in oil and gas exploration, development and production and the sale of hydrocarbons and related activities.