AlphaValue Reiterates “Add” Rating for Tullow Oil plc (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “add” rating reiterated by equities researchers at AlphaValue in a research note issued on Wednesday. They presently have a GBX 307 ($3.80) price objective on the stock. AlphaValue’s price objective points to a potential upside of 16.86% from the stock’s previous close.
A number of other research analysts also recently commented on TLW. Liberum Capital reissued a “sell” rating and issued a GBX 178 ($2.20) price objective on shares of Tullow Oil plc in a research report on Wednesday, July 27th. Barclays PLC reissued an “overweight” rating and issued a GBX 320 ($3.96) price objective on shares of Tullow Oil plc in a research report on Friday, July 29th. Beaufort Securities reissued a “speculative buy” rating on shares of Tullow Oil plc in a research report on Thursday, July 28th. Credit Suisse Group AG decreased their price objective on shares of Tullow Oil plc from GBX 370 ($4.58) to GBX 300 ($3.72) and set an “outperform” rating for the company in a research report on Thursday, July 28th. Finally, Panmure Gordon decreased their price objective on shares of Tullow Oil plc from GBX 210 ($2.60) to GBX 180 ($2.23) and set a “sell” rating for the company in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 244.50 ($3.03).
Shares of Tullow Oil plc (LON:TLW) opened at 251.50 on Wednesday. Tullow Oil plc has a 52 week low of GBX 116.26 and a 52 week high of GBX 295.96. The company’s market capitalization is GBX 2.29 billion. The firm’s 50-day moving average is GBX 261.99 and its 200 day moving average is GBX 240.59.
In related news, insider Angus McCoss bought 173 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average price of GBX 260 ($3.22) per share, for a total transaction of £449.80 ($557.17). Also, insider Heavey,Aidan sold 222,698 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.81), for a total transaction of £505,524.46 ($626,191.58).
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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