Tullow Oil plc (TLW) Price Target Increased to GBX 340 by Analysts at Barclays PLC
Tullow Oil plc (LON:TLW) had its price target lifted by Barclays PLC from GBX 310 ($4.05) to GBX 340 ($4.44) in a research note published on Thursday. The firm currently has an overweight rating on the stock.
Other equities research analysts have also issued research reports about the company. Deutsche Bank AG reissued 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. Numis Securities Ltd raised Tullow Oil plc to a reduce rating and set a GBX 190 ($2.48) price target on the stock in a research note on Monday, July 25th. Liberum Capital reissued a sell rating and set a GBX 178 ($2.32) price target on shares of Tullow Oil plc in a research note on Wednesday, July 27th. JPMorgan Chase & Co. decreased their price target on Tullow Oil plc from GBX 290 ($3.79) to GBX 270 ($3.52) and set an overweight rating on the stock in a research note on Thursday, July 28th. Finally, Panmure Gordon decreased their price target on Tullow Oil plc from GBX 210 ($2.74) to GBX 180 ($2.35) and set a sell rating on the stock in a research note on Thursday, July 28th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 260.50 ($3.40).
Shares of Tullow Oil plc (LON:TLW) traded up 0.44% on Thursday, reaching GBX 274.90. The company had a trading volume of 8,010,018 shares. The firm has a 50-day moving average price of GBX 230.99 and a 200 day moving average price of GBX 229.74. The firm’s market capitalization is GBX 2.51 billion. Tullow Oil plc has a 1-year low of GBX 116.26 and a 1-year high of GBX 290.40.
In related 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). Also, insider Angus McCoss bought 173 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was purchased at an average price of GBX 260 ($3.39) per share, for a total transaction of £449.80 ($587.13).
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.
Receive News & Stock Ratings for Tullow Oil plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil plc and related stocks with our FREE daily email newsletter.