FirstEnergy Capital reissued their outperform rating on shares of Tullow Oil plc (LON:TLW) in a research note issued to investors on Friday. The firm currently has a GBX 250 ($3.26) target price on the stock.
Several other equities research analysts have also weighed in on the company. Beaufort Securities reissued a speculative buy rating on shares of Tullow Oil plc in a research report on Monday, September 19th. Canaccord Genuity restated a hold rating and set a GBX 210 ($2.74) price target on shares of Tullow Oil plc in a research note on Wednesday, August 31st. BMO Capital Markets restated an outperform rating and set a GBX 310 ($4.05) price target on shares of Tullow Oil plc in a research note on Thursday, August 25th. Barclays PLC dropped their price target on Tullow Oil plc from GBX 320 ($4.18) to GBX 310 ($4.05) and set an overweight rating on the stock in a research note on Tuesday, August 23rd. Finally, Numis Securities Ltd upgraded Tullow Oil plc to a hold rating and raised their price target for the stock from GBX 190 ($2.48) to GBX 200 ($2.61) in a research note on Friday, August 5th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 259.34 ($3.39).
Shares of Tullow Oil plc (LON:TLW) opened at 222.90 on Friday. The stock’s market cap is GBX 2.03 billion. The company has a 50-day moving average price of GBX 224.34 and a 200-day moving average price of GBX 227.48. Tullow Oil plc has a 12 month low of GBX 116.26 and a 12 month high of GBX 290.40.
In related news, insider Heavey,Aidan sold 222,698 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.96), for a total value of £505,524.46 ($659,867.46). Also, insider McCoss,Angus purchased 233 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was acquired at an average price of GBX 193 ($2.52) per share, for a total transaction of £449.69 ($586.99).
About Tullow Oil plc
Tullow Oil plc is an independent oil and gas exploration and production company. The Company focuses on finding and monetizing oil in Africa and the Atlantic Margins. The Company operates through segments, including West Africa, East Africa and New Ventures. It has a portfolio of approximately 120 licenses across over 20 countries, which are managed under West Africa Business, East Africa Business and New Ventures Business.
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