Tullow Oil plc’s (TLW) “Overweight” Rating Reiterated at Barclays PLC
Tullow Oil plc (LON:TLW)‘s stock had its “overweight” rating reissued by Barclays PLC in a report issued on Friday. They presently have a GBX 210 ($2.74) target price on the stock. Barclays PLC’s target price suggests a potential upside of 39.81% from the stock’s current price.
Several other equities research analysts also recently weighed in on TLW. Royal Bank Of Canada downgraded shares of Tullow Oil plc to a “sector perform” rating and cut their target price for the stock from GBX 400 ($5.22) to GBX 275 ($3.59) in a research note on Thursday, March 23rd. Credit Suisse Group AG cut their target price on shares of Tullow Oil plc from GBX 285 ($3.72) to GBX 205 ($2.68) and set a “neutral” rating on the stock in a research note on Friday, March 24th. Goldman Sachs Group, Inc. (The) raised shares of Tullow Oil plc to a “neutral” rating and cut their target price for the stock from GBX 207.40 ($2.71) to GBX 200.60 ($2.62) in a research note on Monday, March 27th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Tullow Oil plc in a research note on Monday, April 3rd. Finally, GMP Securities downgraded shares of Tullow Oil plc to a “hold” rating and set a GBX 240 ($3.13) target price on the stock. in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 233.51 ($3.05).
Tullow Oil plc (LON:TLW) traded down 2.72% during trading on Friday, hitting GBX 150.20. 10,615,280 shares of the stock were exchanged. Tullow Oil plc has a 12 month low of GBX 142.38 and a 12 month 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 stock’s market cap is GBX 1.37 billion.
In related news, insider Paul McDade bought 281 shares of the stock in a transaction dated Wednesday, July 5th. The stock was acquired at an average price of GBX 160 ($2.09) per share, for a total transaction of £449.60 ($587.10). Also, insider Ian Springett bought 206 shares of the stock in a transaction dated Wednesday, April 26th. The stock was bought at an average price of GBX 218 ($2.85) per share, with a total value of £449.08 ($586.42).
About Tullow Oil plc
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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