Tullow Oil plc (TLW) Receives Consensus Recommendation of “Buy” from Analysts
Tullow Oil plc (LON:TLW) has been assigned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 220.26 ($2.99).
A number of brokerages have weighed in on TLW. Barclays reiterated an “overweight” rating on shares of Tullow Oil in a research report on Thursday. Jefferies Group reiterated a “hold” rating and set a GBX 155 ($2.10) price target on shares of Tullow Oil in a research report on Monday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Tullow Oil from GBX 245 ($3.32) to GBX 255 ($3.46) and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada upgraded shares of Tullow Oil to an “outperform” rating and lifted their price target for the company from GBX 200 ($2.71) to GBX 260 ($3.53) in a research report on Tuesday, September 26th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 240 ($3.25) price target on shares of Tullow Oil in a research report on Monday.
In other Tullow Oil news, insider Aidan Heavey sold 197,059 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of GBX 192 ($2.60), for a total transaction of £378,353.28 ($513,090.97).
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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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