Tullow Oil plc (TLW) Receives “Outperform” Rating from FirstEnergy Capital
FirstEnergy Capital reaffirmed their outperform rating on shares of Tullow Oil plc (LON:TLW) in a research note published on Friday morning. FirstEnergy Capital currently has a GBX 250 ($3.33) price objective on the stock.
TLW has been the subject of a number of other reports. BMO Capital Markets reissued an outperform rating and set a GBX 310 ($4.13) target price on shares of Tullow Oil plc in a research note on Thursday, August 25th. Beaufort Securities reissued a speculative buy rating on shares of Tullow Oil plc in a research note on Friday, August 19th. Barclays PLC reduced their target price on shares of Tullow Oil plc from GBX 320 ($4.26) to GBX 310 ($4.13) and set an overweight rating for the company in a research note on Tuesday, August 23rd. Canaccord Genuity reissued a hold rating and set a GBX 210 ($2.80) target price on shares of Tullow Oil plc in a research note on Wednesday, August 31st. Finally, Numis Securities Ltd raised shares of Tullow Oil plc to a hold rating and boosted their target price for the company from GBX 190 ($2.53) to GBX 200 ($2.66) in a research note on Friday, August 5th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 259.34 ($3.45).
Tullow Oil plc (LON:TLW) opened at 223.30 on Friday. The stock’s 50 day moving average is GBX 219.97 and its 200-day moving average is GBX 226.20. Tullow Oil plc has a 52 week low of GBX 116.26 and a 52 week high of GBX 290.40. The stock’s market capitalization is GBX 2.04 billion.
In related news, insider McCoss,Angus purchased 233 shares of Tullow Oil plc stock in a transaction on Friday, July 1st. The stock was purchased at an average cost of GBX 193 ($2.57) per share, with a total value of £449.69 ($598.95). Also, insider Heavey,Aidan sold 222,698 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of GBX 227 ($3.02), for a total transaction of £505,524.46 ($673,314.41).
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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