Tullow Oil (LON:TLW) had its price objective dropped by BNP Paribas from GBX 260 ($3.72) to GBX 250 ($3.58) in a research note issued to investors on Thursday, April 5th. The brokerage currently has an “outperform” rating on the stock. BNP Paribas’ target price indicates a potential upside of 7.94% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Barclays lowered Tullow Oil to an “equal weight” rating and cut their price target for the stock from GBX 210 ($3.01) to GBX 190 ($2.72) in a report on Thursday, February 15th. Numis Securities lifted their price objective on Tullow Oil from GBX 185 ($2.65) to GBX 215 ($3.08) and gave the company a “hold” rating in a research note on Monday, January 22nd. Deutsche Bank dropped their price objective on Tullow Oil from GBX 235 ($3.36) to GBX 210 ($3.01) and set a “hold” rating for the company in a research note on Tuesday, March 6th. Canaccord Genuity dropped their price objective on Tullow Oil from GBX 220 ($3.15) to GBX 200 ($2.86) and set a “hold” rating for the company in a research note on Monday, February 12th. Finally, Jefferies Group raised Tullow Oil to a “hold” rating and lifted their price objective for the company from GBX 175 ($2.51) to GBX 180 ($2.58) in a research note on Wednesday, December 20th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 221.31 ($3.17).
Shares of Tullow Oil stock traded up GBX 8.40 ($0.12) during trading hours on Thursday, reaching GBX 231.60 ($3.32). The company had a trading volume of 12,300,100 shares, compared to its average volume of 9,450,000. Tullow Oil has a one year low of GBX 142.30 ($2.04) and a one year high of GBX 243 ($3.48).
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Tullow Oil Company Profile
Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
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