Tullow Oil plc Receives Overweight Rating from Barclays (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Thursday. They currently have a GBX 1,410 ($24.02) price objective on the stock. Barclays’ target price suggests a potential upside of 65.98% from the stock’s previous close.
A number of other firms have also recently commented on TLW. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Thursday. They now have a GBX 950 ($16.18) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Wednesday. They now have a GBX 1,450 ($24.70) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Tullow Oil plc in a research note on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,098.01 ($18.70).
Tullow Oil plc (LON:TLW) traded up 0.06% during mid-day trading on Thursday, hitting GBX 850.00. 1,305,298 shares of the company’s stock traded hands. 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 511.0 and its 200-day moving average is GBX 535.. The company’s market cap is £7.724 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.
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