Tullow Oil plc (TLW) Earns Outperform Rating from FirstEnergy Capital
FirstEnergy Capital reissued their outperform rating on shares of Tullow Oil plc (LON:TLW) in a report issued on Friday morning. FirstEnergy Capital currently has a GBX 250 ($3.26) target price on the stock.
TLW has been the topic of several other research reports. BMO Capital Markets reissued an outperform rating and issued a GBX 310 ($4.05) price objective on shares of Tullow Oil plc in a research note on Thursday, August 25th. Beaufort Securities reissued a speculative buy rating on shares of Tullow Oil plc in a research note on Friday, August 19th. Barclays PLC reduced their price objective on shares of Tullow Oil plc from GBX 320 ($4.18) to GBX 310 ($4.05) and set an overweight rating on the stock in a research note on Tuesday, August 23rd. Canaccord Genuity reaffirmed a hold rating and set a GBX 210 ($2.74) price target on shares of Tullow Oil plc in a research report on Wednesday, August 31st. Finally, Numis Securities Ltd raised shares of Tullow Oil plc to a hold rating and upped their price target for the company from GBX 190 ($2.48) to GBX 200 ($2.61) in a research report on Friday, August 5th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 259.34 ($3.39).
Shares of Tullow Oil plc (LON:TLW) opened at 218.10 on Friday. The firm has a 50 day moving average price of GBX 221.30 and a 200 day moving average price of GBX 227.48. Tullow Oil plc has a 1-year low of GBX 116.26 and a 1-year high of GBX 290.40. The firm’s market cap is GBX 1.99 billion.
In other Tullow Oil plc news, insider Heavey,Aidan sold 222,698 shares of Tullow Oil plc stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.96), for a total value of £505,524.46 ($659,867.46). Also, insider McCoss,Angus bought 233 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was purchased at an average cost of GBX 193 ($2.52) per share, with a total value of £449.69 ($586.99).
Tullow Oil plc Company Profile
Tullow Oil plc is an independent oil and gas exploration and production company. The Company focuses on finding and monetizing oil in Africa and the Atlantic Margins. The Company operates through segments, including West Africa, East Africa and New Ventures. It has a portfolio of approximately 120 licenses across over 20 countries, which are managed under West Africa Business, East Africa Business and New Ventures Business.
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