Barclays PLC Increases Tullow Oil plc (TLW) Price Target to GBX 340
Tullow Oil plc (LON:TLW) had its price objective lifted by investment analysts at Barclays PLC from GBX 310 ($4.05) to GBX 340 ($4.44) in a research note issued to investors on Thursday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s target price would indicate a potential upside of 23.68% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 270 ($3.52) target price on shares of Tullow Oil plc in a research report on Thursday, July 7th. Numis Securities Ltd raised Tullow Oil plc to a “reduce” rating and set a GBX 190 ($2.48) target price for the company in a research report on Monday, July 25th. Liberum Capital reaffirmed a “sell” rating and set a GBX 178 ($2.32) target price on shares of Tullow Oil plc in a research report on Wednesday, July 27th. JPMorgan Chase & Co. decreased their target price on Tullow Oil plc from GBX 290 ($3.79) to GBX 270 ($3.52) and set an “overweight” rating for the company in a research report on Thursday, July 28th. Finally, Panmure Gordon decreased their target price on Tullow Oil plc from GBX 210 ($2.74) to GBX 180 ($2.35) and set a “sell” rating for the company in a research report on Thursday, July 28th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 260.50 ($3.40).
Tullow Oil plc (LON:TLW) traded up 0.44% during trading on Thursday, reaching GBX 274.90. 8,660,976 shares of the company’s stock were exchanged. Tullow Oil plc has a 52-week low of GBX 116.26 and a 52-week high of GBX 290.40. The stock’s 50-day moving average price is GBX 232.12 and its 200-day moving average price is GBX 230.05. The company’s market capitalization is GBX 2.51 billion.
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In other Tullow Oil plc news, insider Angus McCoss purchased 173 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were bought at an average price of GBX 260 ($3.39) per share, with a total value of £449.80 ($587.13). Also, insider Heavey,Aidan sold 222,698 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.96), for a total value of £505,524.46 ($659,867.46).
About Tullow Oil plc
Tullow Oil plc is an independent oil and gas exploration and production company. The Company focuses on finding and monetizing oil in Africa and the Atlantic Margins. The Company operates through segments, including West Africa, East Africa and New Ventures. It has a portfolio of approximately 120 licenses across over 20 countries, which are managed under West Africa Business, East Africa Business and New Ventures Business.
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