Tullow Oil plc (TLW) Lifted to Buy at Deutsche Bank AG

Tullow Oil plc (LON:TLW) was upgraded by equities research analysts at Deutsche Bank AG to a “buy” rating in a report issued on Tuesday. The brokerage presently has a GBX 270 ($3.33) target price on the stock, down from their previous target price of GBX 330 ($4.08). Deutsche Bank AG’s price objective indicates a potential upside of 36.71% from the stock’s current price.

Several other equities research analysts have also recently issued reports on TLW. Numis Securities Ltd reissued a “hold” rating on shares of Tullow Oil plc in a research report on Thursday, December 1st. Barclays PLC raised their target price on shares of Tullow Oil plc from GBX 340 ($4.20) to GBX 365 ($4.51) and gave the stock an “overweight” rating in a research report on Monday, December 5th. Goldman Sachs Group Inc cut shares of Tullow Oil plc to a “sell” rating and decreased their target price for the stock from GBX 247.20 ($3.05) to GBX 221.80 ($2.74) in a research report on Tuesday, December 6th. Jefferies Group LLC raised their target price on shares of Tullow Oil plc from GBX 175 ($2.16) to GBX 197 ($2.43) and gave the stock an “underperform” rating in a research report on Wednesday, December 7th. Finally, Macquarie cut shares of Tullow Oil plc to a “neutral” rating and set a GBX 303 ($3.74) target price on the stock. in a research report on Thursday, January 5th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 260.64 ($3.22).

Analyst Recommendations for Tullow Oil plc (LON:TLW)

Tullow Oil plc (LON:TLW) opened at 197.50 on Tuesday. The firm’s 50-day moving average is GBX 267.46 and its 200 day moving average is GBX 275.22. Tullow Oil plc has a 12-month low of GBX 181.10 and a 12-month high of GBX 352.10. The firm’s market cap is GBX 1.80 billion.

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In other news, insider Paul McDade acquired 178 shares of the company’s stock in a transaction dated Thursday, January 5th. The shares were bought at an average price of GBX 253 ($3.12) per share, for a total transaction of £450.34 ($556.18).

Tullow Oil plc Company Profile

Tullow Oil plc is an independent oil and gas exploration and production company. The Company is focused on finding and monetizing oil in Africa and the Atlantic Margins. Its activities include targeted exploration and appraisal, selective development projects and growing its West Africa oil production.

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