Other research analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. raised shares of Tullow Oil plc to a buy rating and set a GBX 270.90 ($3.54) price target on the stock in a research note on Friday, July 8th. Morgan Stanley started coverage on shares of Tullow Oil plc in a research note on Friday, June 10th. They issued an equal weight rating and a GBX 322 ($4.20) price target on the stock. Deutsche Bank AG increased their target price on shares of Tullow Oil plc from GBX 230 ($3.00) to GBX 270 ($3.52) and gave the stock a hold rating in a report on Tuesday, May 31st. Canaccord Genuity dropped their target price on shares of Tullow Oil plc from GBX 235 ($3.07) to GBX 210 ($2.74) and set a hold rating on the stock in a report on Thursday, July 7th. Finally, Numis Securities Ltd upgraded shares of Tullow Oil plc to a hold rating and increased their target price for the stock from GBX 190 ($2.48) to GBX 200 ($2.61) in a report on Friday, August 5th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Tullow Oil plc currently has an average rating of Hold and an average target price of GBX 259.34 ($3.39).
Tullow Oil plc (LON:TLW) opened at 218.10 on Friday. The stock’s 50 day moving average is GBX 221.30 and its 200 day moving average is GBX 227.48. Tullow Oil plc has a 12-month low of GBX 116.26 and a 12-month high of GBX 290.40. The stock’s market capitalization is GBX 1.99 billion.
In other Tullow Oil plc news, insider Heavey,Aidan sold 222,698 shares of Tullow Oil plc stock in a transaction on Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.96), for a total transaction of £505,524.46 ($659,867.46). Also, insider McCoss,Angus bought 233 shares of the stock in a transaction on Friday, July 1st. The shares were 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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