Tullow Oil plc’s (TLW) “Speculative Buy” Rating Reiterated at Beaufort Securities
Several other equities analysts have also issued reports on TLW. Liberum Capital reaffirmed a sell rating and set a GBX 178 ($2.32) price target on shares of Tullow Oil plc in a research note on Wednesday, July 27th. Credit Suisse Group AG increased their target price on Tullow Oil plc from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the company an outperform rating in a research note on Friday, July 1st. Canaccord Genuity cut their target price on Tullow Oil plc from GBX 235 ($3.07) to GBX 210 ($2.74) and set a hold rating on the stock in a research note on Thursday, July 7th. Barclays PLC reissued an overweight rating and issued a GBX 320 ($4.18) target price on shares of Tullow Oil plc in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 290 ($3.79) target price on shares of Tullow Oil plc in a research note on Tuesday, May 24th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 259.34 ($3.39).
Shares of Tullow Oil plc (LON:TLW) opened at 225.10 on Monday. Tullow Oil plc has a one year low of GBX 116.26 and a one year high of GBX 290.40. The firm’s market capitalization is GBX 2.05 billion. The stock’s 50 day moving average price is GBX 222.01 and its 200 day moving average price is GBX 227.49.
In other news, insider Heavey,Aidan sold 222,698 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was 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 acquired 233 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was acquired at an average cost of GBX 193 ($2.52) per share, with a total value of £449.69 ($586.99).
About Tullow Oil plc
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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