Tullow Oil plc (LON:TLW)‘s stock had its “buy” rating reissued by Beaufort Securities in a note issued to investors on Monday.
Several other analysts also recently issued reports on the company. Davy Research reissued an “outperform” rating on shares of Tullow Oil plc in a research note on Wednesday, July 6th. Numis Securities Ltd raised Tullow Oil plc to a “reduce” rating and set a GBX 190 ($2.48) price target on the stock in a research note on Monday, July 25th. BMO Capital Markets reissued an “outperform” rating and issued a GBX 310 ($4.05) price target on shares of Tullow Oil plc in a research note on Thursday, August 25th. Morgan Stanley dropped their price target on Tullow Oil plc from GBX 322 ($4.20) to GBX 312 ($4.07) and set an “equal weight” rating on the stock in a research note on Monday, July 11th. Finally, Liberum Capital restated a “sell” rating and issued a GBX 178 ($2.32) price objective on shares of Tullow Oil plc in a report on Thursday, July 14th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 259.34 ($3.39).
Tullow Oil plc (LON:TLW) opened at 216.30 on Monday. The firm’s market cap is GBX 1.97 billion. Tullow Oil plc has a 52-week low of GBX 116.26 and a 52-week high of GBX 290.40. The company’s 50 day moving average price is GBX 225.61 and its 200 day moving average price is GBX 227.87.
In related news, insider Heavey,Aidan sold 222,698 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.96), for a total value of £505,524.46 ($659,867.46). Also, insider McCoss,Angus acquired 233 shares of Tullow Oil plc stock in a transaction that occurred on Friday, July 1st. The stock was acquired at an average cost of GBX 193 ($2.52) per share, for a total transaction of £449.69 ($586.99).
Tullow Oil plc Company Profile
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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