Analysts Set Tullow Oil plc (LON:TLW) Target Price at $259.34
Shares of Tullow Oil plc (LON:TLW) have been assigned an average recommendation of “Hold” from the twenty-eight ratings firms that are currently covering the stock. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 259.34 ($3.39).
A number of equities analysts have weighed in on TLW shares. Goldman Sachs Group Inc. raised shares of Tullow Oil plc to a “buy” rating and set a GBX 270.90 ($3.54) price target on the stock in a research note on Friday, July 8th. Beaufort Securities reaffirmed a “buy” rating on shares of Tullow Oil plc in a research note on Monday, September 26th. Morgan Stanley started coverage on shares of Tullow Oil plc in a research note on Friday, June 10th. They set an “equal weight” rating and a GBX 322 ($4.20) price target on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 270 ($3.52) price target on shares of Tullow Oil plc in a research note on Thursday, July 7th. Finally, Canaccord Genuity cut their price target on shares of Tullow Oil plc from GBX 235 ($3.07) to GBX 210 ($2.74) and set a “hold” rating on the stock in a research note on Thursday, July 7th.
Tullow Oil plc (LON:TLW) opened at 247.7629 on Friday. The company’s 50 day moving average is GBX 227.39 and its 200-day moving average is GBX 228.22. Tullow Oil plc has a 52 week low of GBX 116.26 and a 52 week high of GBX 290.40. The firm’s market cap is GBX 2.26 billion.
In other news, insider Heavey,Aidan sold 222,698 shares of Tullow Oil plc stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.96), for a total value of £505,524.46 ($659,867.46).
About Tullow Oil plc
Tullow Oil plc is an independent oil and gas exploration and production company. The Company focuses on finding and monetizing oil in Africa and the Atlantic Margins. The Company operates through segments, including West Africa, East Africa and New Ventures. It has a portfolio of approximately 120 licenses across over 20 countries, which are managed under West Africa Business, East Africa Business and New Ventures Business.
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