Tullow Oil plc’s (TLW) “Underperform” Rating Reiterated at Jefferies Group
Tullow Oil plc (LON:TLW)‘s stock had its “underperform” rating reaffirmed by equities researchers at Jefferies Group in a report released on Monday. They currently have a GBX 175 ($2.28) target price on the stock. Jefferies Group’s target price points to a potential downside of 30.86% from the company’s previous close.
TLW has been the topic of a number of other research reports. Goldman Sachs Group Inc. raised their price target on Tullow Oil plc from GBX 274.30 ($3.58) to GBX 276.80 ($3.61) and gave the stock a “neutral” rating in a research report on Tuesday, June 28th. Deutsche Bank AG dropped their price target on Tullow Oil plc from GBX 270 ($3.52) to GBX 250 ($3.26) and set a “hold” rating on the stock in a research report on Monday, July 25th. Credit Suisse Group AG dropped their price target on Tullow Oil plc from GBX 370 ($4.83) to GBX 300 ($3.92) and set an “outperform” rating on the stock in a research report on Thursday, July 28th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 300 ($3.92) price target on shares of Tullow Oil plc in a research report on Thursday, June 9th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 210 ($2.74) price target on shares of Tullow Oil plc in a research report on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 259.34 ($3.39).
Shares of Tullow Oil plc (LON:TLW) opened at 247.7629 on Monday. The company’s market cap is GBX 2.26 billion. Tullow Oil plc has a 12 month low of GBX 116.26 and a 12 month high of GBX 290.40. The firm’s 50-day moving average price is GBX 227.39 and its 200-day moving average price is GBX 228.22.
In related news, insider Heavey,Aidan sold 222,698 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.96), for a total transaction 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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