Tullow Oil plc (TLW) Rating Reiterated by Numis Securities Ltd
Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Monday. They presently have a GBX 260 ($3.25) price objective on the stock, up from their prior price objective of GBX 200 ($2.50). Numis Securities Ltd’s target price suggests a potential downside of 0.84% from the company’s previous close.
A number of other equities analysts have also commented on the company. Deutsche Bank AG increased their price target on Tullow Oil plc from GBX 240 ($3.00) to GBX 300 ($3.75) and gave the company a “hold” rating in a research note on Monday, October 24th. Beaufort Securities reissued a “speculative buy” rating on shares of Tullow Oil plc in a research note on Monday, October 3rd. BMO Capital Markets reissued an “outperform” rating and set a GBX 310 ($3.87) price target on shares of Tullow Oil plc in a research note on Thursday, August 25th. Jefferies Group reissued an “underperform” rating and set a GBX 175 ($2.19) price target on shares of Tullow Oil plc in a research note on Monday, October 31st. Finally, Canaccord Genuity reissued a “hold” rating and set a GBX 210 ($2.62) price target on shares of Tullow Oil plc in a research note on Wednesday, August 31st. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 247.41 ($3.09).
Shares of Tullow Oil plc (LON:TLW) opened at 262.20 on Monday. Tullow Oil plc has a 12-month low of GBX 116.26 and a 12-month high of GBX 295.96. The firm has a 50 day moving average price of GBX 263.98 and a 200 day moving average price of GBX 240.45. The stock’s market cap is GBX 2.39 billion.
In related news, insider Angus McCoss acquired 173 shares of Tullow Oil plc stock in a transaction on Monday, October 3rd. The stock was acquired at an average price of GBX 260 ($3.25) per share, for a total transaction of £449.80 ($561.97). Also, insider Heavey,Aidan sold 222,698 shares of Tullow Oil plc stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.84), for a total value of £505,524.46 ($631,589.78).
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.