Tullow Oil plc (LON:TLW) Receives Average Rating of “Buy” from Analysts
Tullow Oil plc (LON:TLW) has been assigned a consensus recommendation of “Buy” from the twenty-two research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 234.79 ($3.07).
A number of equities analysts have recently weighed in on TLW shares. Barclays PLC reiterated an “overweight” rating and set a GBX 220 ($2.87) target price on shares of Tullow Oil plc in a research note on Wednesday, June 7th. GMP Securities reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Monday, April 10th. Canaccord Genuity lowered their target price on Tullow Oil plc from GBX 200 ($2.61) to GBX 160 ($2.09) and set a “hold” rating on the stock in a research note on Thursday, June 29th. Deutsche Bank AG lowered their target price on Tullow Oil plc from GBX 260 ($3.40) to GBX 200 ($2.61) and set a “buy” rating on the stock in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada lowered their target price on Tullow Oil plc from GBX 275 ($3.59) to GBX 200 ($2.61) and set a “sector performer” rating on the stock in a research note on Friday, June 23rd.
In other news, insider Ian Springett acquired 206 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The shares were bought at an average price of GBX 218 ($2.85) per share, with a total value of £449.08 ($586.42). Also, insider Paul McDade acquired 281 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were purchased at an average cost of GBX 160 ($2.09) per share, for a total transaction of £449.60 ($587.10).
Tullow Oil plc (TLW) traded down 2.72% during mid-day trading on Friday, hitting GBX 150.20. The stock had a trading volume of 10,615,280 shares. Tullow Oil plc has a one year low of GBX 142.38 and a one year high of GBX 299.86. The stock’s 50 day moving average price is GBX 159.46 and its 200 day moving average price is GBX 207.26. The firm’s market capitalization is GBX 1.37 billion.
COPYRIGHT VIOLATION NOTICE: “Tullow Oil plc (LON:TLW) Receives Average Rating of “Buy” from Analysts” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/21/tullow-oil-plc-lontlw-receives-average-rating-of-buy-from-analysts.html.
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.
Receive News & Ratings for Tullow Oil plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil plc and related companies with MarketBeat.com's FREE daily email newsletter.