JPMorgan Chase & Co. restated their overweight rating on shares of Tullow Oil plc (LON:TLW) in a report published on Monday morning. JPMorgan Chase & Co. currently has a GBX 270 ($3.52) price objective on the stock.
Several other equities analysts have also commented on TLW. Liberum Capital reaffirmed a sell rating and set a GBX 178 ($2.32) price target on shares of Tullow Oil plc in a research report on Wednesday, July 27th. Canaccord Genuity dropped their price objective on shares of Tullow Oil plc from GBX 235 ($3.07) to GBX 210 ($2.74) and set a hold rating for the company in a research report on Thursday, July 7th. Credit Suisse Group AG increased their price objective on shares of Tullow Oil plc from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the stock an outperform rating in a research report on Friday, July 1st. Barclays PLC reissued an overweight rating and issued a GBX 320 ($4.18) price objective on shares of Tullow Oil plc in a research report on Friday, July 29th. Finally, Beaufort Securities reissued a speculative buy rating on shares of Tullow Oil plc in a research report on Thursday, July 28th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 259.34 ($3.39).
Shares of Tullow Oil plc (LON:TLW) opened at 240.10 on Monday. The stock’s 50 day moving average is GBX 226.24 and its 200-day moving average is GBX 228.02. The firm’s market cap is GBX 2.19 billion. Tullow Oil plc has a one year low of GBX 116.26 and a one year high of GBX 290.40.
In other news, insider Heavey,Aidan sold 222,698 shares of Tullow Oil plc stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.96), for a total value of £505,524.46 ($659,867.46).
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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