Tullow Oil plc (TLW) Given Outperform Rating at Macquarie
Macquarie reaffirmed their outperform rating on shares of Tullow Oil plc (LON:TLW) in a research report report published on Thursday. The firm currently has a GBX 245 ($3.19) target price on the stock.
Several other brokerages have also commented on TLW. Barclays PLC reissued an overweight rating and issued a GBX 220 ($2.87) price target on shares of Tullow Oil plc in a report on Wednesday, June 7th. GMP Securities reissued a hold rating on shares of Tullow Oil plc in a report on Monday, April 10th. Canaccord Genuity cut their price target on shares of Tullow Oil plc from GBX 200 ($2.61) to GBX 160 ($2.08) and set a hold rating for the company in a report on Thursday, June 29th. Deutsche Bank AG cut their price target on shares of Tullow Oil plc from GBX 260 ($3.39) to GBX 200 ($2.61) and set a buy rating for the company in a report on Thursday, July 6th. Finally, Royal Bank Of Canada cut their price target on shares of Tullow Oil plc from GBX 275 ($3.58) to GBX 200 ($2.61) and set a sector performer rating for the company in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. Tullow Oil plc presently has an average rating of Buy and a consensus price target of GBX 236.70 ($3.08).
Tullow Oil plc (TLW) opened at 173.80 on Thursday. The company’s market cap is GBX 2.13 billion. Tullow Oil plc has a 12 month low of GBX 142.30 and a 12 month high of GBX 299.86. The company’s 50 day moving average is GBX 157.39 and its 200-day moving average is GBX 202.75.
In other news, insider Paul McDade purchased 281 shares of the stock in a transaction dated Wednesday, July 5th. The shares were purchased at an average price of GBX 160 ($2.08) per share, with a total value of £449.60 ($585.72).
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.
Receive News & Ratings for Tullow Oil plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil plc and related companies with Analyst Ratings Network's FREE daily email newsletter.