Tullow Oil plc Stock Rating Reaffirmed by RBC Capital (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating reaffirmed by equities researchers at RBC Capital in a research report issued on Wednesday. They currently have a GBX 1,150 ($19.34) target price on the stock. RBC Capital’s target price points to a potential upside of 37.07% from the company’s current price.
Tullow Oil plc (LON:TLW) opened at 841.50 on Wednesday. Tullow Oil plc has a 52-week low of GBX 736.00 and a 52-week high of GBX 1127.00. The stock’s 50-day moving average is GBX 596.4 and its 200-day moving average is GBX 694.6. The company’s market cap is £7.647 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Tullow Oil plc from GBX 1,000 ($16.82) to GBX 945 ($15.90) in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Tullow Oil plc from GBX 1,450 ($24.39) to GBX 1,430 ($24.05) in a research note on Friday, May 16th. They now have an “overweight” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 1,112.31 ($18.71).
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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