Tullow Oil plc’s (TLW) “Speculative Buy” Rating Reiterated at Beaufort Securities
Several other research analysts have also weighed in on the stock. Davy Research reiterated an outperform rating on shares of Tullow Oil plc in a report on Wednesday, July 6th. Numis Securities Ltd upgraded shares of Tullow Oil plc to a reduce rating and set a GBX 190 ($2.48) price target on the stock in a report on Monday, July 25th. BMO Capital Markets restated an outperform rating and issued a GBX 310 ($4.05) price target on shares of Tullow Oil plc in a report on Thursday, August 25th. Morgan Stanley cut their price target on shares of Tullow Oil plc from GBX 322 ($4.20) to GBX 312 ($4.07) and set an equal weight rating on the stock in a report on Monday, July 11th. Finally, Liberum Capital restated a sell rating and issued a GBX 178 ($2.32) price target on shares of Tullow Oil plc in a report on Thursday, July 14th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the 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 225.10 on Monday. The stock’s market cap is GBX 2.05 billion. Tullow Oil plc has a 12 month low of GBX 116.26 and a 12 month high of GBX 290.40. The stock’s 50 day moving average is GBX 222.01 and its 200 day moving average is GBX 227.49.
In other news, insider Heavey,Aidan sold 222,698 shares of Tullow Oil plc stock in a transaction dated 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). Also, insider McCoss,Angus purchased 233 shares of Tullow Oil plc stock in a transaction dated Friday, July 1st. The shares were purchased at an average price of GBX 193 ($2.52) per share, with a total value of £449.69 ($586.99).
About Tullow Oil plc
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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