Tullow Oil (TLW) Raised to Hold at Jefferies Group
Tullow Oil (LON:TLW) was upgraded by equities researchers at Jefferies Group to a “hold” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a GBX 180 ($2.42) price objective on the stock, up from their previous price objective of GBX 175 ($2.36). Jefferies Group’s target price would indicate a potential downside of 10.09% from the company’s previous close.
Several other research analysts also recently commented on TLW. Barclays reissued an “overweight” rating and issued a GBX 210 ($2.83) price objective on shares of Tullow Oil in a research note on Friday, December 15th. Royal Bank of Canada raised Tullow Oil to an “outperform” rating and increased their price objective for the company from GBX 200 ($2.69) to GBX 260 ($3.50) in a research note on Tuesday, September 26th. Credit Suisse Group raised Tullow Oil to an “outperform” rating and increased their price objective for the company from GBX 205 ($2.76) to GBX 210 ($2.83) in a research note on Tuesday, September 19th. Stifel Nicolaus raised Tullow Oil to a “hold” rating and set a GBX 180 ($2.42) price objective for the company in a research note on Sunday, September 24th. Finally, Citigroup reissued a “neutral” rating and issued a GBX 200 ($2.69) price objective on shares of Tullow Oil in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 229.48 ($3.09).
Tullow Oil (LON TLW) traded down GBX 1.90 ($0.03) during midday trading on Wednesday, reaching GBX 200.20 ($2.69). The company had a trading volume of 9,961,207 shares, compared to its average volume of 11,570,000. Tullow Oil has a 1 year low of GBX 142.30 ($1.92) and a 1 year high of GBX 299.86 ($4.04). The firm has a market cap of $2,770.00 and a P/E ratio of -317.78.
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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.
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