Tullow Oil plc (TLW) Upgraded by Morgan Stanley to “Overweight”
Tullow Oil plc (LON:TLW) was upgraded by equities research analysts at Morgan Stanley to an “overweight” rating in a report released on Thursday.
A number of other research analysts have also weighed in on TLW. Liberum Capital restated a “sell” rating and issued a GBX 178 ($2.20) target price on shares of Tullow Oil plc in a report on Wednesday, July 27th. Canaccord Genuity decreased their price target on Tullow Oil plc from GBX 235 ($2.91) to GBX 210 ($2.60) and set a “hold” rating for the company in a research report on Thursday, July 7th. Credit Suisse Group AG increased their price target on Tullow Oil plc from GBX 330 ($4.08) to GBX 370 ($4.58) and gave the company an “outperform” rating in a research report on Friday, July 1st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 320 ($3.96) price target on shares of Tullow Oil plc in a research report on Friday, July 29th. Finally, Beaufort Securities reaffirmed a “speculative buy” rating on shares of Tullow Oil plc in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Tullow Oil plc presently has an average rating of “Hold” and an average target price of GBX 260.50 ($3.22).
Tullow Oil plc (LON:TLW) opened at 268.71 on Thursday. Tullow Oil plc has a 12-month low of GBX 116.26 and a 12-month high of GBX 292.20. The firm’s market capitalization is GBX 2.45 billion. The company’s 50 day moving average price is GBX 235.20 and its 200-day moving average price is GBX 231.37.
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In other news, insider Angus McCoss bought 173 shares of Tullow Oil plc stock in a transaction on Monday, October 3rd. The shares were purchased at an average price of GBX 260 ($3.22) per share, for a total transaction of £449.80 ($556.68). Also, insider Heavey,Aidan sold 222,698 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.81), for a total value of £505,524.46 ($625,649.08).
Tullow Oil plc Company Profile
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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