Tullow Oil plc (TLW) Price Target Raised to GBX 340
Tullow Oil plc (LON:TLW) had its price target hoisted by Barclays PLC from GBX 310 ($3.84) to GBX 340 ($4.21) in a research note issued to investors on Thursday morning. Barclays PLC currently has an overweight rating on the stock.
A number of other research firms have also weighed in on TLW. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 270 ($3.34) target price on shares of Tullow Oil plc in a research note on Monday, September 26th. Canaccord Genuity reduced their price target on Tullow Oil plc from GBX 235 ($2.91) to GBX 210 ($2.60) and set a hold rating on the stock in a report on Thursday, July 7th. Numis Securities Ltd upgraded Tullow Oil plc to a reduce rating and set a GBX 190 ($2.35) price target on the stock in a report on Monday, July 25th. Liberum Capital downgraded Tullow Oil plc to a sell rating and boosted their price target for the company from GBX 170 ($2.10) to GBX 178 ($2.20) in a report on Wednesday, June 29th. Finally, Panmure Gordon reduced their price target on Tullow Oil plc from GBX 210 ($2.60) to GBX 180 ($2.23) and set a sell rating on the stock in a report on Thursday, July 28th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Tullow Oil plc has an average rating of Hold and a consensus price target of GBX 260.50 ($3.22).
Tullow Oil plc (LON:TLW) opened at 274.321381 on Thursday. The stock has a 50 day moving average price of GBX 233.19 and a 200-day moving average price of GBX 230.64. Tullow Oil plc has a 12-month low of GBX 116.26 and a 12-month high of GBX 290.40. The company’s market cap is GBX 2.50 billion.
In other Tullow Oil plc news, insider Angus McCoss purchased 173 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was acquired at an average price of GBX 260 ($3.22) per share, for a total transaction of £449.80 ($556.68). Also, insider Heavey,Aidan sold 222,698 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.81), for a total value of £505,524.46 ($625,649.08).
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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