Tullow Oil plc (TLW) Receives Average Rating of “Buy” from Analysts
Tullow Oil plc (LON:TLW) has earned an average recommendation of “Buy” from the twenty-two analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 234.91 ($3.05).
Several research firms have issued reports on TLW. Barclays PLC restated an “overweight” rating and set a GBX 220 ($2.86) price objective on shares of Tullow Oil plc in a report on Wednesday, June 7th. Canaccord Genuity lowered their target price on Tullow Oil plc from GBX 210 ($2.73) to GBX 200 ($2.60) and set a “hold” rating on the stock in a research note on Thursday, May 18th. Jefferies Group LLC lowered their target price on Tullow Oil plc from GBX 270 ($3.51) to GBX 250 ($3.25) and set a “buy” rating on the stock in a research note on Wednesday, May 17th. J P Morgan Chase & Co lowered their target price on Tullow Oil plc from GBX 270 ($3.51) to GBX 245 ($3.18) and set an “overweight” rating on the stock in a research note on Wednesday, May 17th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 270 ($3.51) target price on shares of Tullow Oil plc in a research note on Tuesday, April 18th.
Tullow Oil plc (LON:TLW) traded down 5.71% during midday trading on Tuesday, hitting GBX 153.60. 8,110,387 shares of the company traded hands. Tullow Oil plc has a 12-month low of GBX 142.30 and a 12-month high of GBX 299.86. The company’s market cap is GBX 1.88 billion. The stock has a 50 day moving average price of GBX 161.18 and a 200-day moving average price of GBX 194.54.
In related news, insider Paul McDade bought 281 shares of Tullow Oil plc stock in a transaction that occurred on Wednesday, July 5th. The stock was purchased at an average cost of GBX 160 ($2.08) per share, for a total transaction of £449.60 ($583.67).
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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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