Tullow Oil plc (LON:TLW) Stock Rating Reaffirmed by Barclays PLC
Tullow Oil plc (LON:TLW)‘s stock had its “overweight” rating reissued by analysts at Barclays PLC in a research note issued to investors on Friday. They presently have a GBX 210 ($2.74) price objective on the stock. Barclays PLC’s target price points to a potential upside of 21.95% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. UBS AG cut their price target on shares of Tullow Oil plc from GBX 222 ($2.89) to GBX 205 ($2.67) and set a “neutral” rating for the company in a report on Friday, April 7th. Canaccord Genuity cut their price target on shares of Tullow Oil plc from GBX 210 ($2.74) to GBX 200 ($2.61) and set a “hold” rating for the company in a report on Thursday, May 18th. Jefferies Group LLC cut their price target on shares of Tullow Oil plc from GBX 270 ($3.52) to GBX 250 ($3.26) and set a “buy” rating for the company in a report on Wednesday, May 17th. J P Morgan Chase & Co cut their price target on shares of Tullow Oil plc from GBX 270 ($3.52) to GBX 245 ($3.19) and set an “overweight” rating for the company in a report on Wednesday, May 17th. Finally, GMP Securities cut shares of Tullow Oil plc to a “hold” rating and set a GBX 240 ($3.13) price target for the company. in a report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Tullow Oil plc has an average rating of “Buy” and a consensus target price of GBX 236.70 ($3.08).
Shares of Tullow Oil plc (TLW) opened at 172.20 on Friday. Tullow Oil plc has a 52-week low of GBX 142.38 and a 52-week high of GBX 299.86. The firm’s market capitalization is GBX 2.11 billion. The stock’s 50 day moving average price is GBX 157.39 and its 200-day moving average price is GBX 202.75.
In other Tullow Oil plc news, insider Paul McDade purchased 281 shares of the stock in a transaction dated Wednesday, July 5th. The shares were acquired at an average cost of GBX 160 ($2.08) per share, for a total transaction of £449.60 ($585.72).
Tullow Oil plc Company Profile
Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.
Receive News & Ratings for Tullow Oil plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil plc and related companies with MarketBeat.com's FREE daily email newsletter.