Tullow Oil plc (LON:TLW)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a report released on Monday. They currently have a GBX 200 ($2.58) target price on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 28.78% from the company’s current price.
Several other equities analysts have also recently issued reports on TLW. Canaccord Genuity reduced their price objective on Tullow Oil plc from GBX 200 ($2.58) to GBX 160 ($2.07) and set a “hold” rating on the stock in a research note on Thursday, June 29th. Barclays PLC restated an “overweight” rating and set a GBX 220 ($2.84) price objective on shares of Tullow Oil plc in a research note on Tuesday, June 13th. Royal Bank Of Canada reduced their price objective on Tullow Oil plc from GBX 275 ($3.55) to GBX 200 ($2.58) and set a “sector performer” rating on the stock in a research note on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 250 ($3.23) target price on shares of Tullow Oil plc in a research note on Monday, June 26th. Finally, Macquarie cut their target price on Tullow Oil plc from GBX 355 ($4.58) to GBX 280 ($3.62) and set an “outperform” rating on the stock in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 226.80 ($2.93).
Shares of Tullow Oil plc (TLW) opened at 153.70 on Monday. The company has a 50-day moving average of GBX 162.70 and a 200 day moving average of GBX 182.43. The stock’s market cap is GBX 1.89 billion. Tullow Oil plc has a 52-week low of GBX 142.30 and a 52-week high of GBX 299.86.
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In other news, insider Paul McDade bought 281 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were purchased at an average cost of GBX 160 ($2.07) per share, with a total value of £449.60 ($580.65).
Tullow Oil plc Company Profile
Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.
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