Tullow Oil plc (TLW) Insider Angus McCoss Buys 173 Shares
Tullow Oil plc (LON:TLW) insider Angus McCoss bought 173 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were purchased at an average cost of GBX 260 ($3.39) per share, for a total transaction of £449.80 ($587.13).
Shares of Tullow Oil plc (LON:TLW) opened at 261.80 on Thursday. The firm’s market cap is GBX 2.39 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 is GBX 229.89 and its 200-day moving average is GBX 229.42.
A number of research firms recently weighed in on TLW. Credit Suisse Group AG lifted their target price on Tullow Oil plc from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the stock an “outperform” rating in a research report on Friday, July 1st. Beaufort Securities restated a “speculative buy” rating on shares of Tullow Oil plc in a research note on Friday, July 1st. Panmure Gordon assumed coverage on shares of Tullow Oil plc in a research note on Friday, July 1st. They set a “sell” rating and a GBX 210 ($2.74) price target for the company. Barclays PLC restated an “overweight” rating and set a GBX 300 ($3.92) price target on shares of Tullow Oil plc in a research note on Thursday, June 9th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 290 ($3.79) price target on shares of Tullow Oil plc in a research note on Wednesday, June 22nd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 259.34 ($3.39).
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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