Tullow Oil (LON: TLW) was downgraded by investment analysts at Canaccord Genuity to a “sell” rating in a note issued to investors on Wednesday. They currently have a $18.51 (1150 GBX) target price on the stock.

Tullow Oil opened at 1300.00 on Wednesday. Tullow Oil has a 1-year low of GBX 1253.00 and a 1-year high of GBX 1611.00. The company’s market cap is £11.781 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Tullow Oil in a research note to investors on Monday, November 26th. They now have a $24.05 price target on the stock. Separately, analysts at Exane BNP Paribas reiterated an “outperform” rating on shares of Tullow Oil in a research note to investors on Thursday, November 22nd. They now have a $23.93 price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Tullow Oil in a research note to investors on Wednesday, November 14th. They now have a $30.48 price target on the stock.

Tullow Oil plc (Tullow) is an independent oil and gas exploration and production company. The Company is engaged in oil and gas exploration, development and production and the sale of hydrocarbons and related activities.

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