Tullow Oil plc (TLW) Earns Hold Rating from Deutsche Bank AG
Several other analysts have also recently weighed in on the stock. Beaufort Securities reiterated a speculative buy rating on shares of Tullow Oil plc in a research note on Monday, October 3rd. Numis Securities Ltd upgraded shares of Tullow Oil plc to a reduce rating and set a GBX 190 ($2.35) target price for the company in a research report on Monday, July 25th. BMO Capital Markets restated an outperform rating and issued a GBX 310 ($3.84) target price on shares of Tullow Oil plc in a research report on Thursday, August 25th. Morgan Stanley dropped their target price on shares of Tullow Oil plc from GBX 322 ($3.99) to GBX 312 ($3.86) and set an equal weight rating for the company in a research report on Monday, July 11th. Finally, Jefferies Group restated an underperform rating and issued a GBX 175 ($2.17) target price on shares of Tullow Oil plc in a research report on Monday, October 31st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 244.50 ($3.03).
Tullow Oil plc (LON:TLW) opened at 251.50 on Tuesday. Tullow Oil plc has a one year low of GBX 116.26 and a one year high of GBX 295.96. The company has a 50-day moving average of GBX 261.99 and a 200 day moving average of GBX 240.59. The firm’s market capitalization is GBX 2.29 billion.
In related news, insider Angus McCoss purchased 173 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were acquired 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 Tullow Oil plc 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).
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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