Barclays Reaffirms Overweight Rating for Tullow Oil (TLW)
Barclays reaffirmed their overweight rating on shares of Tullow Oil (LON:TLW) in a research note issued to investors on Tuesday morning. The brokerage currently has a GBX 315 ($4.10) target price on the stock, up from their previous target price of GBX 285 ($3.71).
A number of other brokerages have also recently issued reports on TLW. Jefferies Financial Group upped their target price on Tullow Oil from GBX 180 ($2.34) to GBX 254 ($3.31) and gave the stock a hold rating in a research report on Tuesday, June 12th. Canaccord Genuity decreased their target price on Tullow Oil from GBX 260 ($3.39) to GBX 250 ($3.26) and set a hold rating for the company in a research report on Friday, July 27th. Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 230 ($3.00) target price on shares of Tullow Oil in a research report on Tuesday, July 3rd. Numis Securities reaffirmed a hold rating on shares of Tullow Oil in a research report on Wednesday, July 18th. Finally, UBS Group reaffirmed a neutral rating and set a GBX 240 ($3.13) target price (down previously from GBX 250 ($3.26)) on shares of Tullow Oil in a research report on Friday, July 27th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 258.63 ($3.37).
Shares of Tullow Oil stock opened at GBX 258.50 ($3.37) on Tuesday. Tullow Oil has a 12-month low of GBX 142.30 ($1.85) and a 12-month high of GBX 243 ($3.17).
About Tullow Oil
Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
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