Tullow Oil plc Given “Neutral” Rating at Credit Suisse (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “neutral” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Monday. They currently have a GBX 910 ($15.58) price objective on the stock. Credit Suisse’s price objective suggests a potential upside of 14.54% from the stock’s previous close.
Shares of Tullow Oil plc (LON:TLW) traded up 0.57% during mid-day trading on Monday, hitting GBX 794.50. The stock had a trading volume of 2,458,584 shares. Tullow Oil plc has a one year low of GBX 736.00 and a one year high of GBX 1125.25. The stock has a 50-day moving average of GBX 447.8 and a 200-day moving average of GBX 522.3. The company’s market cap is £7.220 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital raised their price target on shares of Tullow Oil plc from GBX 1,086 ($18.59) to GBX 1,125 ($19.26) in a research note on Wednesday, July 9th. They now have a “buy” rating on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Thursday, July 3rd. They now have a GBX 1,135 ($19.43) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 1,096.97 ($18.78).
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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