Tullow Oil plc (TLW) Price Target Increased to GBX 375 by Analysts at Barclays PLC
Tullow Oil plc (LON:TLW) had its price objective hoisted by Barclays PLC from GBX 365 ($4.44) to GBX 375 ($4.56) in a report published on Thursday. They currently have a overweight rating on the stock.
TLW has been the subject of a number of other research reports. AlphaValue restated a reduce rating and issued a GBX 318 ($3.87) target price on shares of Tullow Oil plc in a research note on Wednesday. Citigroup Inc. restated a neutral rating on shares of Tullow Oil plc in a research note on Tuesday. Numis Securities Ltd reduced their target price on Tullow Oil plc from GBX 260 ($3.16) to GBX 250 ($3.04) and set a sell rating for the company in a research note on Tuesday. Liberum Capital restated a sell rating on shares of Tullow Oil plc in a research note on Tuesday. Finally, Morgan Stanley restated an overweight rating and issued a GBX 345 ($4.20) target price on shares of Tullow Oil plc in a research note on Tuesday. Nine analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Tullow Oil plc has a consensus rating of Hold and a consensus price target of GBX 248.67 ($3.02).
Tullow Oil plc (LON:TLW) traded down 1.13% during mid-day trading on Thursday, reaching GBX 315.60. The company’s stock had a trading volume of 5,907,869 shares. Tullow Oil plc has a one year low of GBX 116.26 and a one year high of GBX 352.10. The company’s market capitalization is GBX 2.88 billion. The stock has a 50-day moving average price of GBX 303.98 and a 200-day moving average price of GBX 255.25.
In other news, insider Paul McDade purchased 178 shares of Tullow Oil plc stock in a transaction dated Thursday, January 5th. The shares were purchased at an average price of GBX 253 ($3.08) per share, with a total value of £450.34 ($547.66).
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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