Tullow Oil’s (TLW) “Outperform” Rating Reaffirmed at Credit Suisse Group
Several other equities analysts also recently commented on TLW. Jefferies Group restated a hold rating and issued a GBX 155 ($2.10) price target on shares of Tullow Oil in a research note on Monday, September 25th. Royal Bank of Canada upgraded shares of Tullow Oil to an outperform rating and upped their price target for the company from GBX 200 ($2.71) to GBX 260 ($3.53) in a research note on Tuesday, September 26th. Stifel Nicolaus upgraded shares of Tullow Oil to a hold rating and set a GBX 180 ($2.44) price target on the stock in a research note on Sunday, September 24th. Citigroup restated a neutral rating and issued a GBX 200 ($2.71) price target on shares of Tullow Oil in a research note on Monday, October 16th. Finally, Deutsche Bank upped their price target on shares of Tullow Oil from GBX 200 ($2.71) to GBX 210 ($2.85) and gave the company a buy rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Tullow Oil presently has an average rating of Hold and an average price target of GBX 229.48 ($3.11).
Tullow Oil (LON TLW) traded up GBX 1.10 ($0.01) during mid-day trading on Monday, hitting GBX 221.30 ($3.00). 9,205,117 shares of the company traded hands, compared to its average volume of 9,530,000. Tullow Oil has a fifty-two week low of GBX 142.30 ($1.93) and a fifty-two week high of GBX 299.86 ($4.07). The firm has a market capitalization of $3,070.00 and a P/E ratio of -356.94.
In other Tullow Oil news, insider Aidan Heavey sold 197,059 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of GBX 192 ($2.60), for a total transaction of £378,353.28 ($513,090.97).
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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