Tullow Oil (LON: TLW)‘s stock had its “reduce” rating reaffirmed by research analysts at Nomura in a report released on Friday. They currently have a $21.15 (1400 GBX) target price on the stock.

Shares of Tullow Oil (LON: TLW) opened at 1255.00 on Friday. Tullow Oil has a one year low of GBX 1098.00 and a one year high of GBX 1599.6801. The stock’s 50-day moving average is currently GBX 1399.. The company’s market cap is £11.388 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Tullow Oil in a research note to investors on Thursday. They now have a $26.13 price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Tullow Oil from a “sell” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Tullow Oil in a research note to investors on Friday, March 8th. They now have a $18.67 price target on the stock.

Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.51 (1490 GBX).

Tullow Oil plc (LON: TLW) 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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