Tullow Oil plc (LON:TLW)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays PLC in a note issued to investors on Friday, July 21st. They currently have a GBX 210 ($2.73) price target on the stock. Barclays PLC’s target price would indicate a potential upside of 19.79% from the company’s previous close.
Several other analysts also recently commented on TLW. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 270 ($3.52) price objective on shares of Tullow Oil plc in a research note on Tuesday, April 18th. J P Morgan Chase & Co reduced their price objective on Tullow Oil plc from GBX 270 ($3.52) to GBX 245 ($3.19) and set an “overweight” rating for the company in a research note on Wednesday, May 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 250 ($3.26) price objective on shares of Tullow Oil plc in a research note on Wednesday, July 5th. Whitman Howard reaffirmed a “buy” rating on shares of Tullow Oil plc in a research note on Friday, May 26th. Finally, Numis Securities Ltd raised Tullow Oil plc to a “buy” rating and set a GBX 210 ($2.73) price objective for the company in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 236.70 ($3.08).
Tullow Oil plc (LON:TLW) traded down 0.34% during mid-day trading on Friday, reaching GBX 175.30. The company had a trading volume of 5,285,306 shares. Tullow Oil plc has a 12 month low of GBX 142.30 and a 12 month high of GBX 299.86. The firm’s 50 day moving average price is GBX 158.54 and its 200-day moving average price is GBX 198.22. The company’s market capitalization is GBX 2.15 billion.
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In related 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 ($2.08) per share, for a total transaction of £449.60 ($585.49).
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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