Tullow Oil plc (TLW) Insider Angus McCoss Buys 173 Shares
Tullow Oil plc (LON:TLW) insider Angus McCoss purchased 173 shares of Tullow Oil plc stock in a transaction that occurred on Monday, October 3rd. The shares were purchased at an average price of GBX 260 ($3.39) per share, for a total transaction of £449.80 ($587.13).
Shares of Tullow Oil plc (LON:TLW) opened at 261.80 on Thursday. The firm has a 50-day moving average of GBX 229.89 and a 200-day moving average of GBX 229.42. Tullow Oil plc has a 12-month low of GBX 116.26 and a 12-month high of GBX 290.40. The firm’s market capitalization is GBX 2.39 billion.
Several research firms recently issued reports on TLW. Credit Suisse Group AG increased their price target on shares of Tullow Oil plc from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the stock an “outperform” rating in a research report on Friday, July 1st. Beaufort Securities reiterated a “speculative buy” rating on shares of Tullow Oil plc in a research report on Friday, July 1st. Panmure Gordon began coverage on shares of Tullow Oil plc in a research report on Friday, July 1st. They set a “sell” rating and a GBX 210 ($2.74) price target on the stock. Barclays PLC reiterated an “overweight” rating and set a GBX 300 ($3.92) price target on shares of Tullow Oil plc in a research report on Thursday, June 9th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 290 ($3.79) price target on shares of Tullow Oil plc in a research report on Wednesday, June 22nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned 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).
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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