Tullow Oil (LON:TLW)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays in a research note issued on Friday. They currently have a GBX 210 ($2.83) price objective on the stock. Barclays’ price objective points to a potential upside of 15.38% from the company’s previous close.
A number of other analysts have also recently weighed in on the stock. Macquarie reissued an “outperform” rating and set a GBX 245 ($3.30) price objective on shares of Tullow Oil in a report on Tuesday, September 12th. Credit Suisse Group reissued an “outperform” rating and set a GBX 205 ($2.76) price objective on shares of Tullow Oil in a report on Friday, November 3rd. Jefferies Group cut shares of Tullow Oil to a “hold” rating and cut their price objective for the stock from GBX 250 ($3.36) to GBX 155 ($2.09) in a report on Tuesday, August 29th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 245 ($3.30) price objective on shares of Tullow Oil in a report on Thursday, November 9th. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 200 ($2.69) price objective on shares of Tullow Oil in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Tullow Oil has a consensus rating of “Hold” and an average target price of GBX 229.20 ($3.08).
Tullow Oil (TLW) traded down GBX 4.10 ($0.06) during mid-day trading on Friday, reaching GBX 182 ($2.45). 16,307,171 shares of the company’s stock were exchanged, compared to its average volume of 12,280,000. Tullow Oil has a 12 month low of GBX 142.30 ($1.92) and a 12 month high of GBX 299.86 ($4.04).
Tullow Oil 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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