Tullow Oil plc (LON:TLW) insider Angus McCoss purchased 173 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were acquired at an average price of GBX 260 ($3.39) per share, for a total transaction of £449.80 ($587.13).
Shares of Tullow Oil plc (LON:TLW) opened at 273.70 on Friday. Tullow Oil plc has a 52-week low of GBX 116.26 and a 52-week high of GBX 290.40. The stock’s market capitalization is GBX 2.50 billion. The firm has a 50-day moving average of GBX 230.99 and a 200 day moving average of GBX 229.74.
TLW has been the topic of several recent analyst reports. Barclays PLC restated an “overweight” rating and set a GBX 300 ($3.92) price objective on shares of Tullow Oil plc in a research report on Thursday, June 9th. Morgan Stanley initiated coverage on shares of Tullow Oil plc in a research report on Friday, June 10th. They set an “equal weight” rating and a GBX 322 ($4.20) price objective on the stock. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 290 ($3.79) price objective on shares of Tullow Oil plc in a research report on Wednesday, June 22nd. Goldman Sachs Group Inc. raised their price objective on shares of Tullow Oil plc from GBX 274.30 ($3.58) to GBX 276.80 ($3.61) and gave the company a “neutral” rating in a research report on Tuesday, June 28th. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 270 ($3.52) price objective on shares of Tullow Oil plc in a research report on Wednesday, June 29th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. Tullow Oil plc presently has an average rating of “Hold” and a consensus target price of GBX 260.50 ($3.40).
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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