Tullow Oil plc (TLW) Upgraded at Numis Securities Ltd
Tullow Oil plc (LON:TLW) was upgraded by stock analysts at Numis Securities Ltd to a “buy” rating in a research note issued on Thursday. The brokerage presently has a GBX 210 ($2.72) target price on the stock. Numis Securities Ltd’s price target points to a potential upside of 37.98% from the company’s previous close.
A number of other brokerages have also issued reports on TLW. Barclays PLC reaffirmed an “overweight” rating and set a GBX 220 ($2.85) target price on shares of Tullow Oil plc in a research report on Wednesday, June 7th. GMP Securities reaffirmed a “hold” rating on shares of Tullow Oil plc in a research report on Monday, April 10th. Canaccord Genuity cut their target price on Tullow Oil plc from GBX 200 ($2.59) to GBX 160 ($2.07) and set a “hold” rating on the stock in a research report on Thursday, June 29th. Deutsche Bank AG cut their target price on Tullow Oil plc from GBX 260 ($3.37) to GBX 200 ($2.59) and set a “buy” rating on the stock in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada cut their target price on Tullow Oil plc from GBX 275 ($3.56) to GBX 200 ($2.59) and set a “sector performer” rating on the stock in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 235.09 ($3.05).
Shares of Tullow Oil plc (TLW) opened at 156.30 on Thursday. The firm’s market cap is GBX 1.43 billion. Tullow Oil plc has a 1-year low of GBX 142.30 and a 1-year high of GBX 299.86. The company’s 50 day moving average price is GBX 178.22 and its 200-day moving average price is GBX 237.70.
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In other news, insider Paul McDade bought 281 shares of the stock in a transaction on Wednesday, July 5th. The shares were purchased at an average price of GBX 160 ($2.07) per share, for a total transaction of £449.60 ($582.38). Also, insider Ian Springett bought 206 shares of the stock in a transaction on Wednesday, April 26th. The stock was purchased at an average price of GBX 218 ($2.82) per share, for a total transaction of £449.08 ($581.71).
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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