Davy Research Reiterates “Outperform” Rating for Tullow Oil plc (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating reaffirmed by research analysts at Davy Research in a report released on Wednesday.
A number of other research firms have also weighed in on TLW. Deutsche Bank AG boosted their target price on shares of Tullow Oil plc from GBX 240 ($2.97) to GBX 300 ($3.72) and gave the stock a “hold” rating in a research report on Monday, October 24th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 220 ($2.73) price objective on shares of Tullow Oil plc in a research report on Tuesday, October 25th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 340 ($4.21) price objective on shares of Tullow Oil plc in a research report on Monday, October 31st. Jefferies Group reaffirmed an “underperform” rating and set a GBX 175 ($2.17) price objective on shares of Tullow Oil plc in a research report on Monday, October 31st. Finally, Beaufort Securities reaffirmed a “speculative buy” rating on shares of Tullow Oil plc in a research report on Monday, October 31st. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 244.50 ($3.03).
Tullow Oil plc (LON:TLW) opened at 251.50 on Wednesday. The firm’s market capitalization is GBX 2.29 billion. The stock’s 50 day moving average price is GBX 261.99 and its 200 day moving average price is GBX 240.59. Tullow Oil plc has a 12 month low of GBX 116.26 and a 12 month high of GBX 295.96.
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 ($2.81), for a total transaction of £505,524.46 ($626,191.58). Also, insider Angus McCoss acquired 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).
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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