A number of other analysts have also recently weighed in on TLW. Credit Suisse Group AG raised their price target on Tullow Oil plc from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the company an outperform rating in a research note on Friday, July 1st. Panmure Gordon started coverage on Tullow Oil plc in a research note on Friday, July 1st. They issued a sell rating and a GBX 210 ($2.74) price target on the stock. Barclays PLC restated an overweight rating and issued a GBX 300 ($3.92) price target on shares of Tullow Oil plc in a research note on Thursday, June 9th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 290 ($3.79) price target on shares of Tullow Oil plc in a research note on Wednesday, June 22nd. Finally, Morgan Stanley started coverage on 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. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 259.34 ($3.39).
Tullow Oil plc (LON:TLW) opened at 228.10 on Monday. The stock has a 50 day moving average price of GBX 223.46 and a 200 day moving average price of GBX 227.52. The firm’s market cap is GBX 2.08 billion. Tullow Oil plc has a one year low of GBX 116.26 and a one year high of GBX 290.40.
In other Tullow Oil plc news, insider McCoss,Angus bought 233 shares of Tullow Oil plc stock in a transaction that occurred on Friday, July 1st. The stock was purchased at an average cost of GBX 193 ($2.52) per share, for a total transaction of £449.69 ($586.99). Also, insider Heavey,Aidan sold 222,698 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.96), for a total transaction of £505,524.46 ($659,867.46).
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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