A number of other equities research analysts also recently weighed in on the company. Davy Research restated an outperform rating on shares of Tullow Oil plc in a research report on Wednesday, July 6th. Numis Securities Ltd upgraded Tullow Oil plc to a reduce rating and set a GBX 190 ($2.48) target price for the company in a research report on Monday, July 25th. BMO Capital Markets restated an outperform rating and set a GBX 310 ($4.05) target price on shares of Tullow Oil plc in a research report on Thursday, August 25th. Morgan Stanley dropped their target price on Tullow Oil plc from GBX 322 ($4.20) to GBX 312 ($4.07) and set an equal weight rating for the company in a research report on Monday, July 11th. Finally, Liberum Capital restated a sell rating and set a GBX 178 ($2.32) target price on shares of Tullow Oil plc in a research report on Thursday, July 14th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 260.50 ($3.40).
Shares of Tullow Oil plc (LON:TLW) opened at 273.70 on Monday. Tullow Oil plc has a 12 month low of GBX 116.26 and a 12 month high of GBX 290.40. The firm’s 50-day moving average price is GBX 230.99 and its 200-day moving average price is GBX 229.74. The firm’s market capitalization is GBX 2.50 billion.
In related news, insider Heavey,Aidan sold 222,698 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.96), for a total transaction of £505,524.46 ($659,867.46). Also, insider Angus McCoss purchased 173 shares of Tullow Oil plc stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average cost of GBX 260 ($3.39) per share, with a total value of £449.80 ($587.13).
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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