Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 290 ($3.79) price objective on shares of Tullow Oil plc in a report on Tuesday, May 24th. Barclays PLC reissued an overweight rating and set a GBX 300 ($3.92) price target on shares of Tullow Oil plc in a report on Friday, June 17th. Deutsche Bank AG reissued a hold rating and set a GBX 270 ($3.52) price target on shares of Tullow Oil plc in a report on Thursday, July 7th. Numis Securities Ltd raised shares of Tullow Oil plc to a reduce rating and set a GBX 190 ($2.48) price target for the company in a report on Monday, July 25th. Finally, Liberum Capital reissued a sell rating and set a GBX 178 ($2.32) price target on shares of Tullow Oil plc in a report on Wednesday, July 27th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 259.34 ($3.39).
Shares of Tullow Oil plc (LON:TLW) opened at 228.10 on Monday. The company’s 50-day moving average is GBX 223.46 and its 200-day moving average is GBX 227.52. The company’s market capitalization 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 Heavey,Aidan sold 222,698 shares of the company’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 the firm’s stock in a transaction on Friday, July 1st. The stock was bought at an average price 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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