Macquarie Trims Tullow Oil plc (TLW) Target Price to GBX 280
Tullow Oil plc (LON:TLW) had its price objective dropped by analysts at Macquarie from GBX 355 ($4.62) to GBX 280 ($3.64) in a report released on Tuesday. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price objective points to a potential upside of 38.96% from the stock’s previous close.
A number of other research analysts have also recently weighed in on TLW. Canaccord Genuity lifted their target price on shares of Tullow Oil plc from GBX 255 ($3.32) to GBX 265 ($3.45) and gave the company a “sell” rating in a research note on Tuesday, January 24th. Deutsche Bank AG restated a “hold” rating and set a GBX 330 ($4.29) target price on shares of Tullow Oil plc in a research note on Monday, February 6th. GMP Securities restated a “reduce” rating on shares of Tullow Oil plc in a research note on Wednesday, February 8th. Barclays PLC restated an “overweight” rating and set a GBX 375 ($4.88) target price on shares of Tullow Oil plc in a research note on Thursday, February 9th. Finally, Jefferies Group LLC upgraded shares of Tullow Oil plc to a “buy” rating and lifted their target price for the company from GBX 260 ($3.38) to GBX 340 ($4.42) in a research note on Monday, February 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 256.03 ($3.33).
Tullow Oil plc (LON:TLW) opened at 201.50 on Tuesday. Tullow Oil plc has a 12-month low of GBX 163.55 and a 12-month high of GBX 352.10. The company’s market cap is GBX 1.84 billion. The stock has a 50 day moving average of GBX 210.79 and a 200 day moving average of GBX 257.78.
In other Tullow Oil plc news, insider Ian Springett bought 206 shares of Tullow Oil plc stock in a transaction dated Wednesday, April 26th. The shares were purchased at an average cost of GBX 218 ($2.84) per share, for a total transaction of £449.08 ($584.21).
Tullow Oil plc Company Profile
Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.
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