Tullow Oil (TLW) Stock Rating Reaffirmed by Credit Suisse Group
Tullow Oil (LON:TLW)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a report issued on Thursday. They presently have a GBX 240 ($3.23) price target on the stock. Credit Suisse Group’s target price points to a potential upside of 31.75% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Macquarie reiterated an “outperform” rating and issued a GBX 245 ($3.30) price target on shares of Tullow Oil in a report on Tuesday, September 12th. Barclays reiterated an “overweight” rating on shares of Tullow Oil in a report on Monday, September 25th. Stifel Nicolaus upgraded Tullow Oil to a “hold” rating and set a GBX 180 ($2.42) price target on the stock in a report on Sunday, September 24th. Jefferies Group reissued a “hold” rating and issued a GBX 155 ($2.09) price objective on shares of Tullow Oil in a research note on Tuesday, September 19th. Finally, Deutsche Bank reissued a “buy” rating and issued a GBX 200 ($2.69) price objective on shares of Tullow Oil in a research note on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 229.20 ($3.08).
Shares of Tullow Oil (LON TLW) opened at GBX 182.16 ($2.45) on Thursday. Tullow Oil has a fifty-two week low of GBX 142.30 ($1.92) and a fifty-two week high of GBX 299.86 ($4.04).
In related news, insider Les Wood bought 299 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were acquired at an average price of GBX 151 ($2.03) per share, with a total value of £451.49 ($607.66).
About Tullow Oil
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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