Tullow Oil plc (TLW) Upgraded at Credit Suisse Group
Credit Suisse Group upgraded shares of Tullow Oil plc (LON:TLW) to an outperform rating in a research report report published on Tuesday morning, Marketbeat.com reports. Credit Suisse Group currently has GBX 210 ($2.83) target price on the stock, up from their prior target price of GBX 205 ($2.76).
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 250 ($3.37) price target on shares of Tullow Oil plc in a research report on Monday, June 26th. Whitman Howard reaffirmed a buy rating on shares of Tullow Oil plc in a research report on Friday, May 26th. Numis Securities Ltd raised shares of Tullow Oil plc to a buy rating and set a GBX 210 ($2.83) price target for the company in a research report on Thursday, July 13th. Deutsche Bank AG decreased their target price on shares of Tullow Oil plc from GBX 260 ($3.51) to GBX 200 ($2.70) and set a buy rating for the company in a research report on Thursday, July 6th. Finally, Canaccord Genuity decreased their target price on shares of Tullow Oil plc from GBX 200 ($2.70) to GBX 160 ($2.16) and set a hold rating for the company in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 227.09 ($3.06).
Tullow Oil plc (LON TLW) opened at 168.70 on Tuesday. Tullow Oil plc has a 12-month low of GBX 142.30 and a 12-month high of GBX 299.86. The stock’s 50 day moving average is GBX 162.01 and its 200 day moving average is GBX 180.29. The stock’s market capitalization is GBX 2.07 billion.
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In other Tullow Oil plc news, insider Paul McDade acquired 281 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were purchased at an average price of GBX 160 ($2.16) per share, for a total transaction of £449.60 ($606.18).
About Tullow Oil plc
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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