Societe Generale Reiterates Hold Rating for Tullow Oil plc (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating reaffirmed by equities researchers at Societe Generale in a research report issued on Friday. They currently have a GBX 865 ($14.78) price objective on the stock. Societe Generale’s price target indicates a potential upside of 13.22% from the company’s current price.
A number of other firms have also recently commented on TLW. Analysts at JPMorgan Chase & Co. cut their price target on shares of Tullow Oil plc from GBX 1,050 ($17.94) to GBX 1,000 ($17.09) in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Tudor Pickering reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Tuesday. They now have a GBX 720 ($12.30) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Monday, July 21st. They now have a GBX 1,450 ($24.78) price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 1,079.79 ($18.45).
Tullow Oil plc (LON:TLW) opened at 764.00 on Friday. Tullow Oil plc has a 1-year low of GBX 736.00 and a 1-year high of GBX 1089.00. The stock’s 50-day moving average is GBX 385. and its 200-day moving average is GBX 507.. The company’s market cap is £6.943 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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