Tullow Oil plc (TLW) Given Average Recommendation of “Hold” by Brokerages

Tullow Oil plc (LON:TLW) has been assigned an average rating of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 226.48 ($3.05).

A number of brokerages have recently weighed in on TLW. Barclays reiterated an “overweight” rating and set a GBX 210 ($2.83) price target on shares of Tullow Oil in a research report on Friday. Jefferies Group restated a “hold” rating and issued a GBX 155 ($2.09) target price on shares of Tullow Oil in a research report on Monday, September 25th. Royal Bank of Canada upgraded Tullow Oil to an “outperform” rating and raised their target price for the company from GBX 200 ($2.69) to GBX 260 ($3.50) in a research report on Tuesday, September 26th. Credit Suisse Group restated an “outperform” rating and issued a GBX 240 ($3.23) target price on shares of Tullow Oil in a research report on Thursday, December 7th. Finally, Stifel Nicolaus upgraded Tullow Oil to a “hold” rating and set a GBX 180 ($2.42) target price on the stock in a research report on Sunday, September 24th.

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

Shares of Tullow Oil (LON:TLW) traded up GBX 2.10 ($0.03) during trading on Monday, hitting GBX 184.10 ($2.48). The stock had a trading volume of 11,705,786 shares, compared to its average volume of 12,250,000. Tullow Oil has a fifty-two week low of GBX 142.30 ($1.92) and a fifty-two week high of GBX 299.86 ($4.04).

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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)

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