Tullow Oil plc (TLW) Rating Lowered to Hold at Jefferies Group LLC
Tullow Oil plc (LON:TLW) was downgraded by equities researchers at Jefferies Group LLC to a “hold” rating in a report issued on Tuesday. They presently have a GBX 155 ($2.00) price objective on the stock, down from their previous price objective of GBX 250 ($3.23). Jefferies Group LLC’s price target indicates a potential upside of 0.65% from the stock’s previous close.
A number of other research firms also recently weighed in on TLW. Macquarie lowered their price target on Tullow Oil plc from GBX 355 ($4.59) to GBX 280 ($3.62) and set an “outperform” rating on the stock in a research report on Tuesday, May 23rd. Whitman Howard restated a “buy” rating on shares of Tullow Oil plc in a research report on Friday, May 26th. Deutsche Bank AG lowered their price target on Tullow Oil plc from GBX 270 ($3.49) to GBX 260 ($3.36) and set a “buy” rating on the stock in a research report on Thursday, May 18th. Canaccord Genuity lowered their price target on Tullow Oil plc from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating on the stock in a research report on Thursday, May 18th. Finally, J P Morgan Chase & Co lowered their price target on Tullow Oil plc from GBX 270 ($3.49) to GBX 245 ($3.17) and set an “overweight” rating on the stock in a research report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 226.80 ($2.93).
Shares of Tullow Oil plc (LON TLW) opened at 154.00 on Tuesday. The company’s market cap is GBX 1.89 billion. The stock’s 50 day moving average price is GBX 162.02 and its 200 day moving average price is GBX 189.53. Tullow Oil plc has a one year low of GBX 142.30 and a one year high of GBX 299.86.
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In other Tullow Oil plc news, insider Paul McDade bought 281 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were bought at an average cost of GBX 160 ($2.07) per share, with a total value of £449.60 ($581.48).
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.
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