Tullow Oil plc’s (TLW) Buy Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG restated their buy rating on shares of Tullow Oil plc (LON:TLW) in a report issued on Monday morning, Marketbeat Ratings reports. They currently have a GBX 200 ($2.58) price objective on the stock.
Several other analysts have also commented on the stock. J P Morgan Chase & Co dropped their price target on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 245 ($3.16) and set an overweight rating on the stock in a research report on Wednesday, May 17th. Barclays PLC reaffirmed an overweight rating and set a GBX 220 ($2.84) price objective on shares of Tullow Oil plc in a report on Wednesday, June 7th. Numis Securities Ltd raised shares of Tullow Oil plc to a buy rating and set a GBX 210 ($2.71) price objective on the stock in a report on Thursday, July 13th. Jefferies Group LLC reaffirmed a buy rating and set a GBX 250 ($3.23) price objective on shares of Tullow Oil plc in a report on Wednesday, July 5th. Finally, Macquarie reaffirmed an outperform rating and set a GBX 245 ($3.16) price objective on shares of Tullow Oil plc in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 226.80 ($2.93).
Shares of Tullow Oil plc (TLW) opened at 157.30 on Monday. Tullow Oil plc has a 52 week low of GBX 142.30 and a 52 week high of GBX 299.86. The firm has a 50-day moving average of GBX 162.79 and a 200 day moving average of GBX 182.25. The stock’s market cap is GBX 1.93 billion.
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In other news, insider Paul McDade bought 281 shares of Tullow Oil plc stock in a transaction on Wednesday, July 5th. The shares were bought at an average cost of GBX 160 ($2.07) per share, with a total value of £449.60 ($580.65).
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.
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