Tullow Oil plc (TLW) Rating Reiterated by Beaufort Securities
Tullow Oil plc (LON:TLW)‘s stock had its “speculative buy” rating restated by research analysts at Beaufort Securities in a research note issued on Monday.
Several other research firms also recently commented on TLW. Barclays PLC reissued an “overweight” rating and set a GBX 320 ($4.18) target price on shares of Tullow Oil plc in a research report on Friday, July 29th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 270 ($3.52) price objective on shares of Tullow Oil plc in a research report on Monday, September 26th. Canaccord Genuity reduced their price objective on shares of Tullow Oil plc from GBX 235 ($3.07) to GBX 210 ($2.74) and set a “hold” rating for the company in a research report on Thursday, July 7th. Numis Securities Ltd raised shares of Tullow Oil plc to a “reduce” rating and set a GBX 190 ($2.48) price objective for the company in a research report on Monday, July 25th. Finally, Liberum Capital downgraded shares of Tullow Oil plc to a “sell” rating and upped their price objective for the stock from GBX 170 ($2.22) to GBX 178 ($2.32) in a research report on Wednesday, June 29th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 259.34 ($3.39).
Shares of Tullow Oil plc (LON:TLW) opened at 255.70 on Monday. Tullow Oil plc has a 52-week low of GBX 116.26 and a 52-week high of GBX 290.40. The stock has a 50 day moving average of GBX 227.39 and a 200-day moving average of GBX 228.22. The firm’s market capitalization is GBX 2.33 billion.
In other Tullow Oil plc news, insider Heavey,Aidan sold 222,698 shares of the firm’s stock in a transaction 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).
Tullow Oil plc Company Profile
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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