Insider Buying: Tullow Oil plc (TLW) Insider Acquires 281 Shares of Stock
Tullow Oil plc (LON:TLW) insider Paul McDade purchased 281 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was purchased at an average cost of GBX 160 ($2.07) per share, for a total transaction of £449.60 ($582.38).
Shares of Tullow Oil plc (LON:TLW) traded down 0.98% during midday trading on Monday, hitting GBX 151.10. 9,065,014 shares of the stock were exchanged. The firm has a 50 day moving average of GBX 178.22 and a 200 day moving average of GBX 237.70. The firm’s market cap is GBX 1.38 billion. Tullow Oil plc has a 12-month low of GBX 142.30 and a 12-month high of GBX 299.86.
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Several research firms have issued reports on TLW. GMP Securities reaffirmed a “hold” rating on shares of Tullow Oil plc in a report on Wednesday, April 26th. Whitman Howard reaffirmed a “buy” rating on shares of Tullow Oil plc in a report on Friday, May 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 250 ($3.24) price target on shares of Tullow Oil plc in a report on Monday, June 26th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 220 ($2.85) price target on shares of Tullow Oil plc in a report on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Tullow Oil plc to a “neutral” rating and dropped their price objective for the company from GBX 207.40 ($2.69) to GBX 200.60 ($2.60) in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 235.92 ($3.06).
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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