Tullow Oil plc (TLW) Given Consensus Rating of “Hold” by Brokerages
Tullow Oil plc (LON:TLW) has been given an average recommendation of “Hold” by the twenty-one ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 223.57 ($2.89).
TLW has been the subject of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 250 ($3.23) target price on shares of Tullow Oil plc in a research note on Monday, June 26th. Whitman Howard reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Friday, May 26th. Barclays PLC reiterated an “overweight” rating and issued a GBX 220 ($2.84) target price on shares of Tullow Oil plc in a research note on Tuesday, June 13th. Macquarie reiterated an “outperform” rating and issued a GBX 245 ($3.16) target price on shares of Tullow Oil plc in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co reduced their target price on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 245 ($3.16) and set an “overweight” rating for the company in a research note on Wednesday, May 17th.
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In other Tullow Oil plc news, insider Paul McDade purchased 281 shares of the stock in a transaction on Wednesday, July 5th. The shares were purchased at an average price of GBX 160 ($2.07) per share, with a total value of £449.60 ($580.65).
Shares of Tullow Oil plc (LON:TLW) traded down 4.13% during trading on Friday, hitting GBX 160.00. 7,706,439 shares of the company traded hands. The stock’s market cap is GBX 1.96 billion. Tullow Oil plc has a one year low of GBX 142.38 and a one year high of GBX 299.86. The firm has a 50 day moving average price of GBX 162.15 and a 200-day moving average price of GBX 184.50.
Tullow Oil plc (LON:TLW) last announced its quarterly earnings data on Tuesday, July 25th. The company reported ($0.25) EPS for the quarter. Tullow Oil plc had a negative net margin of 36.71% and a negative return on equity of 24.99%. Analysts predict that Tullow Oil plc will post ($0.06) EPS for the current year.
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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