Shares of Tullow Oil plc (LON:TLW) have earned an average rating of “Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 234.91 ($3.05).

TLW has been the topic of a number of analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 270 ($3.51) price target on shares of Tullow Oil plc in a research report on Tuesday, April 18th. J P Morgan Chase & Co reduced their price target on Tullow Oil plc from GBX 270 ($3.51) to GBX 245 ($3.18) and set an “overweight” rating on the stock in a research report on Wednesday, May 17th. Barclays PLC reiterated an “overweight” rating and issued a GBX 220 ($2.86) price target on shares of Tullow Oil plc in a research report on Wednesday, June 7th. Numis Securities Ltd upgraded Tullow Oil plc to a “buy” rating and set a GBX 210 ($2.73) price target on the stock in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a GBX 250 ($3.25) price target on shares of Tullow Oil plc in a research report on Wednesday, July 5th.

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Tullow Oil plc (LON:TLW) traded down 5.71% during trading on Tuesday, reaching GBX 153.60. The company’s stock had a trading volume of 8,110,387 shares. Tullow Oil plc has a 52-week low of GBX 142.30 and a 52-week high of GBX 299.86. The firm has a 50 day moving average price of GBX 161.18 and a 200-day moving average price of GBX 194.54. The stock’s market cap is GBX 1.88 billion.

In other news, insider Paul McDade purchased 281 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were acquired at an average cost of GBX 160 ($2.08) per share, with a total value of £449.60 ($583.67).

About Tullow Oil plc

Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.

Analyst Recommendations for Tullow Oil plc (LON:TLW)

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