Barclays Reiterates Overweight Rating for Tullow Oil (TLW)

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).

In other news, insider Les Wood acquired 299 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were purchased at an average cost of GBX 151 ($2.03) per share, for a total transaction of £451.49 ($607.66).

COPYRIGHT VIOLATION WARNING: “Barclays Reiterates Overweight Rating for Tullow Oil (TLW)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/15/barclays-reiterates-overweight-rating-for-tullow-oil-tlw.html.

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.

Analyst Recommendations for Tullow Oil (LON:TLW)

Receive News & Ratings for Tullow Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply