Tullow Oil plc (LON:TLW) had its price objective upped by Barclays PLC from GBX 310 ($4.05) to GBX 340 ($4.44) in a research note issued to investors on Thursday. Barclays PLC currently has an overweight rating on the stock.
Several other research firms have also recently weighed in on TLW. Credit Suisse Group AG upped their price target on shares of Tullow Oil plc from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the company an outperform rating in a report on Friday, July 1st. Beaufort Securities restated a speculative buy rating on shares of Tullow Oil plc in a report on Friday, July 1st. Panmure Gordon began coverage on shares of Tullow Oil plc in a report on Friday, July 1st. They set a sell rating and a GBX 210 ($2.74) target price for the company. JPMorgan Chase & Co. restated an overweight rating and set a GBX 290 ($3.79) target price on shares of Tullow Oil plc in a report on Wednesday, June 22nd. Finally, Jefferies Group restated an underperform rating and set a GBX 175 ($2.28) target price on shares of Tullow Oil plc in a report on Monday. Five equities research analysts have rated the stock with a sell rating, ten have given 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 target price of GBX 260.50 ($3.40).
Tullow Oil plc (LON:TLW) traded up 0.44% on Thursday, reaching GBX 274.90. 8,010,018 shares of the company were exchanged. Tullow Oil plc has a 12-month low of GBX 116.26 and a 12-month high of GBX 290.40. The firm’s market capitalization is GBX 2.51 billion. The stock has a 50 day moving average of GBX 230.99 and a 200 day moving average of GBX 229.74.
In other news, insider Angus McCoss purchased 173 shares of the stock in a transaction on Monday, October 3rd. The stock was purchased at an average price 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 firm’s 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).
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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