Tullow Oil plc’s (TLW) “Overweight” Rating Reiterated at Barclays PLC
Tullow Oil plc (LON:TLW)‘s stock had its “overweight” rating restated by Barclays PLC in a research note issued on Wednesday. They currently have a GBX 220 ($2.84) price objective on the stock. Barclays PLC’s price objective would suggest a potential upside of 31.34% from the stock’s current price.
TLW has been the subject of several other reports. Numis Securities Ltd upgraded shares of Tullow Oil plc to an “add” rating and raised their target price for the company from GBX 270 ($3.49) to GBX 285 ($3.68) in a research note on Friday, March 10th. Credit Suisse Group AG lowered their target price on shares of Tullow Oil plc from GBX 285 ($3.68) to GBX 205 ($2.65) and set a “neutral” rating for the company in a research note on Friday, March 24th. Citigroup Inc restated a “neutral” rating on shares of Tullow Oil plc in a research note on Monday, April 3rd. GMP Securities restated a “reduce” rating on shares of Tullow Oil plc in a research note on Wednesday, February 8th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Tullow Oil plc in a research note on Monday, March 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 248.26 ($3.21).
Tullow Oil plc (LON:TLW) traded down 1.82% during trading on Wednesday, reaching GBX 167.50. The company had a trading volume of 15,403,180 shares. The stock’s market capitalization is GBX 1.53 billion. The stock has a 50 day moving average of GBX 199.57 and a 200-day moving average of GBX 252.82. Tullow Oil plc has a 12-month low of GBX 162.70 and a 12-month high of GBX 299.86.
In other Tullow Oil plc news, insider Ian Springett bought 206 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The stock was bought at an average cost of GBX 218 ($2.82) per share, for a total transaction of £449.08 ($580.28).
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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