Tullow Oil plc (TLW) Given “Outperform” Rating at Credit Suisse Group
Credit Suisse Group reissued their outperform rating on shares of Tullow Oil plc (LON:TLW) in a research report released on Friday morning. They currently have a GBX 205 ($2.71) price target on the stock.
TLW has been the topic of a number of other reports. Barclays PLC reaffirmed an overweight rating and set a GBX 210 ($2.77) price objective on shares of Tullow Oil plc in a report on Friday, October 13th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 210 ($2.77) price objective on shares of Tullow Oil plc in a report on Monday, October 23rd. Jefferies Group LLC downgraded Tullow Oil plc to a hold rating and decreased their price objective for the company from GBX 250 ($3.30) to GBX 155 ($2.05) in a report on Tuesday, August 29th. Royal Bank Of Canada raised Tullow Oil plc to an outperform rating and lifted their price objective for the company from GBX 200 ($2.64) to GBX 260 ($3.43) in a report on Tuesday, September 26th. Finally, Numis Securities Ltd raised Tullow Oil plc to a buy rating and set a GBX 210 ($2.77) price objective on the stock in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 225.31 ($2.97).
Tullow Oil plc (LON TLW) traded up GBX 4.60 ($0.06) during midday trading on Friday, reaching GBX 190.70 ($2.52). The company’s stock had a trading volume of 11,836,051 shares.
In related news, insider Les Wood acquired 299 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was purchased at an average price of GBX 151 ($1.99) per share, for a total transaction of £451.49 ($595.79).
Tullow Oil plc Company Profile
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.
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