Tullow Oil plc (TLW) Earns Speculative Buy Rating from Beaufort Securities
TLW has been the subject of several other reports. Barclays PLC restated an overweight rating and issued a GBX 320 ($4.18) price target on shares of Tullow Oil plc in a research report on Friday, July 29th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 270 ($3.52) price target on shares of Tullow Oil plc in a research report on Monday, September 26th. Canaccord Genuity decreased their price target on shares of Tullow Oil plc from GBX 235 ($3.07) to GBX 210 ($2.74) and set a hold rating for the company in a research report on Thursday, July 7th. Numis Securities Ltd upgraded shares of Tullow Oil plc to a reduce rating and set a GBX 190 ($2.48) price target for the company in a research report on Monday, July 25th. Finally, Liberum Capital cut shares of Tullow Oil plc to a sell rating and upped their price target for the company from GBX 170 ($2.22) to GBX 178 ($2.32) in a research report on Wednesday, June 29th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 259.34 ($3.39).
Shares of Tullow Oil plc (LON:TLW) opened at 261.80 on Monday. Tullow Oil plc has a 52-week low of GBX 116.26 and a 52-week high of GBX 290.40. The company has a 50-day moving average of GBX 229.89 and a 200 day moving average of GBX 229.42. The company’s market capitalization is GBX 2.39 billion.
In other news, insider Angus McCoss purchased 173 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average cost of GBX 260 ($3.39) per share, with a total value of £449.80 ($587.13). Also, insider Heavey,Aidan sold 222,698 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.96), for a total transaction of £505,524.46 ($659,867.46).
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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