Credit Suisse Group AG Reaffirms “Neutral” Rating for Tullow Oil plc (TLW)
Several other brokerages also recently weighed in on TLW. Barclays PLC reaffirmed an overweight rating and set a GBX 320 ($4.00) price target on shares of Tullow Oil plc in a report on Friday, July 29th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 270 ($3.37) target price on shares of Tullow Oil plc in a report on Monday, September 26th. Numis Securities Ltd raised shares of Tullow Oil plc to a reduce rating and set a GBX 190 ($2.37) target price on the stock in a report on Monday, July 25th. Canaccord Genuity reissued a hold rating and issued a GBX 210 ($2.62) target price on shares of Tullow Oil plc in a report on Wednesday, July 27th. Finally, Morgan Stanley raised shares of Tullow Oil plc to an overweight rating and boosted their target price for the stock from GBX 312 ($3.90) to GBX 372 ($4.65) in a report on Thursday, October 13th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 247.41 ($3.09).
Shares of Tullow Oil plc (LON:TLW) opened at 249.38 on Thursday. The stock’s market cap is GBX 2.27 billion. Tullow Oil plc has a 12 month low of GBX 116.26 and a 12 month high of GBX 295.96. The firm’s 50-day moving average is GBX 264.03 and its 200 day moving average is GBX 240.52.
In other Tullow Oil plc news, insider Heavey,Aidan sold 222,698 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.84), for a total value of £505,524.46 ($631,589.78). Also, insider Angus McCoss acquired 173 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was purchased at an average price of GBX 260 ($3.25) per share, for a total transaction of £449.80 ($561.97).
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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