Tullow Oil plc (TLW) Stock Rating Reaffirmed by AlphaValue

Tullow Oil plc (LON:TLW)‘s stock had its “buy” rating reaffirmed by analysts at AlphaValue in a report issued on Friday. They presently have a GBX 308 ($3.80) price objective on the stock. AlphaValue’s target price would indicate a potential upside of 55.95% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Numis Securities Ltd raised Tullow Oil plc to an “add” rating and boosted their price objective for the stock from GBX 270 ($3.33) to GBX 285 ($3.52) in a research note on Friday, March 10th. Canaccord Genuity raised Tullow Oil plc to a “hold” rating and boosted their price objective for the stock from GBX 265 ($3.27) to GBX 275 ($3.40) in a research note on Tuesday, February 21st. Jefferies Group LLC raised Tullow Oil plc to a “buy” rating and boosted their price objective for the stock from GBX 260 ($3.21) to GBX 340 ($4.20) in a research note on Monday, February 20th. Barclays PLC reissued an “overweight” rating and set a GBX 360 ($4.45) price objective (down from GBX 375 ($4.63)) on shares of Tullow Oil plc in a research note on Monday, February 20th. Finally, GMP Securities reissued a “reduce” rating on shares of Tullow Oil plc in a research note on Wednesday, February 8th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 260.64 ($3.22).

Analyst Recommendations for Tullow Oil plc (LON:TLW)

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

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In other news, insider Paul McDade purchased 178 shares of the stock in a transaction that occurred on Thursday, January 5th. The stock was purchased 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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