Jefferies Group reissued their underperform rating on shares of Tullow Oil plc (LON:TLW) in a research report sent to investors on Monday morning. The firm currently has a GBX 175 ($2.28) target price on the stock.
TLW has been the subject of a number of other research reports. Goldman Sachs Group Inc. lifted their target price on Tullow Oil plc from GBX 274.30 ($3.58) to GBX 276.80 ($3.61) and gave the stock a neutral rating in a report on Tuesday, June 28th. Deutsche Bank AG decreased their target price on Tullow Oil plc from GBX 270 ($3.52) to GBX 250 ($3.26) and set a hold rating for the company in a report on Monday, July 25th. Credit Suisse Group AG decreased their target price on Tullow Oil plc from GBX 370 ($4.83) to GBX 300 ($3.92) and set an outperform rating for the company in a report on Thursday, July 28th. Barclays PLC reaffirmed an overweight rating and set a GBX 300 ($3.92) target price on shares of Tullow Oil plc in a report on Thursday, June 9th. Finally, Canaccord Genuity reaffirmed a hold rating and set a GBX 210 ($2.74) target price on shares of Tullow Oil plc in a report on Wednesday, August 31st. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 259.34 ($3.39).
Tullow Oil plc (LON:TLW) opened at 261.80 on Monday. The stock’s 50 day moving average price is GBX 229.89 and its 200-day moving average price is GBX 229.42. The company’s market capitalization is GBX 2.39 billion. Tullow Oil plc has a 52-week low of GBX 116.26 and a 52-week high of GBX 290.40.
In related news, insider Angus McCoss bought 173 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was bought at an average cost of GBX 260 ($3.39) per share, for a total transaction of £449.80 ($587.13). Also, insider Heavey,Aidan sold 222,698 shares of the company’s stock in a transaction 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).
Tullow Oil plc Company Profile
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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