Tullow Oil plc (LON:TLW) had its target price increased by investment analysts at Barclays PLC from GBX 310 ($4.05) to GBX 340 ($4.44) in a research report issued on Thursday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s target price points to a potential upside of 29.87% from the company’s current price.
Other analysts also recently issued research reports about the company. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 270 ($3.52) price objective on shares of Tullow Oil plc in a research note on Thursday, July 7th. Numis Securities Ltd upgraded Tullow Oil plc to a “reduce” rating and set a GBX 190 ($2.48) target price for the company in a report on Monday, July 25th. Liberum Capital reiterated a “sell” rating and set a GBX 178 ($2.32) target price on shares of Tullow Oil plc in a report on Wednesday, July 27th. JPMorgan Chase & Co. lowered their target price on Tullow Oil plc from GBX 290 ($3.79) to GBX 270 ($3.52) and set an “overweight” rating for the company in a report on Thursday, July 28th. Finally, Panmure Gordon lowered their target price on Tullow Oil plc from GBX 210 ($2.74) to GBX 180 ($2.35) and set a “sell” rating for the company in a report on Thursday, July 28th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 260.50 ($3.40).
Tullow Oil plc (LON:TLW) opened at 267.82 on Thursday. The firm has a 50-day moving average price of GBX 229.89 and a 200-day moving average price of GBX 229.42. The stock’s market cap is GBX 2.44 billion. Tullow Oil plc has a 52 week low of GBX 116.26 and a 52 week high of GBX 290.40.
In other Tullow Oil plc news, insider Heavey,Aidan sold 222,698 shares of the firm’s stock in a transaction that occurred 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 Angus McCoss acquired 173 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were bought at an average price of GBX 260 ($3.39) per share, with a total value of £449.80 ($587.13).
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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