Tullow Oil plc’s (TLW) “Overweight” Rating Reaffirmed at Barclays PLC

Tullow Oil plc (LON:TLW)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays PLC in a research note issued on Friday. They presently have a GBX 210 ($2.74) target price on the stock. Barclays PLC’s price objective points to a potential upside of 36.01% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Deutsche Bank AG reissued a “buy” rating and set a GBX 270 ($3.53) target price on shares of Tullow Oil plc in a research report on Tuesday, April 18th. J P Morgan Chase & Co cut their target price on shares of Tullow Oil plc from GBX 270 ($3.53) to GBX 245 ($3.20) and set an “overweight” rating on the stock in a research report on Wednesday, May 17th. Jefferies Group LLC cut their target price on shares of Tullow Oil plc from GBX 270 ($3.53) to GBX 250 ($3.26) and set a “buy” rating on the stock in a research report on Wednesday, May 17th. Whitman Howard reaffirmed a “buy” rating on shares of Tullow Oil plc in a research report on Friday, May 26th. Finally, Macquarie cut their price objective on shares of Tullow Oil plc from GBX 280 ($3.66) to GBX 243 ($3.17) and set an “outperform” rating on the stock in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 233.51 ($3.05).

Tullow Oil plc (TLW) opened at 155.70 on Friday. Tullow Oil plc has a 52 week low of GBX 142.38 and a 52 week high of GBX 299.86. The stock has a 50 day moving average of GBX 159.71 and a 200 day moving average of GBX 207.66. The company’s market cap is GBX 1.42 billion.

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In other Tullow Oil plc news, insider Ian Springett acquired 206 shares of the firm’s stock in a transaction on Wednesday, April 26th. The stock was acquired at an average cost of GBX 218 ($2.85) per share, for a total transaction of £449.08 ($586.42). Also, insider Paul McDade acquired 281 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were acquired at an average price of GBX 160 ($2.09) per share, with a total value of £449.60 ($587.10).

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.