Tullow Oil plc Downgraded by Westhouse Securities to Add (TLW)
Tullow Oil plc (LON:TLW) was downgraded by Westhouse Securities to an “add” rating in a research note issued on Thursday, Stock Ratings Network.com reports. They currently have a GBX 960 ($16.13) price objective on the stock, up from their previous price objective of GBX 866 ($14.55). Westhouse Securities’ price target indicates a potential upside of 8.60% from the stock’s previous close.
Shares of Tullow Oil plc (LON:TLW) traded up 0.40% on Thursday, hitting GBX 884.00. The stock had a trading volume of 2,230,998 shares. Tullow Oil plc has a 52 week low of GBX 9.82 and a 52 week high of GBX 1127.00. The stock’s 50-day moving average is GBX 464.4 and its 200-day moving average is GBX 544.2. The company’s market cap is £8.033 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Davy Research reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Wednesday. Separately, analysts at Prime Wealth reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Wednesday. They now have a GBX 1,050 ($17.64) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Wednesday. They now have a GBX 875 ($14.70) price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Tullow Oil plc currently has a consensus rating of “Buy” and a consensus price target of GBX 1,105.77 ($18.58).
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.
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