Canaccord Genuity Lowers Tullow Oil (TLW) Price Target to GBX 200

Tullow Oil (LON:TLW) had its price target cut by investment analysts at Canaccord Genuity from GBX 220 ($3.04) to GBX 200 ($2.76) in a research note issued to investors on Monday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 12.87% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Deutsche Bank reiterated a “hold” rating and set a GBX 235 ($3.25) target price on shares of Tullow Oil in a research report on Tuesday, February 6th. Barclays reiterated an “overweight” rating and set a GBX 210 ($2.90) target price on shares of Tullow Oil in a research report on Thursday, November 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 245 ($3.38) target price on shares of Tullow Oil in a research report on Thursday, November 9th. Numis Securities lifted their target price on shares of Tullow Oil from GBX 185 ($2.56) to GBX 215 ($2.97) and gave the company a “hold” rating in a research report on Monday, January 22nd. Finally, Jefferies Group upgraded shares of Tullow Oil to a “hold” rating and lifted their target price for the company from GBX 175 ($2.42) to GBX 180 ($2.49) in a research report on Wednesday, December 20th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 228.37 ($3.16).

Shares of Tullow Oil (LON:TLW) traded up GBX 1.75 ($0.02) during trading on Monday, reaching GBX 177.20 ($2.45). 9,400,000 shares of the company’s stock traded hands, compared to its average volume of 9,760,000. Tullow Oil has a twelve month low of GBX 142.30 ($1.97) and a twelve month high of GBX 244.12 ($3.37). The company has a market capitalization of $2,460.00 and a price-to-earnings ratio of -1,476.67.

In other Tullow Oil news, insider Aidan Heavey sold 197,059 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of GBX 192 ($2.65), for a total transaction of £378,353.28 ($522,731.80).

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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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