Tullow Oil plc (TLW) Stock Rating Reaffirmed by Citigroup Inc.
Tullow Oil plc (LON:TLW)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup Inc. in a report released on Monday. They currently have a GBX 200 ($2.66) target price on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 9.53% from the stock’s previous close.
TLW has been the topic of a number of other reports. Deutsche Bank AG raised their price objective on shares of Tullow Oil plc from GBX 200 ($2.66) to GBX 210 ($2.79) and gave the company a “buy” rating in a research note on Friday, October 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 250 ($3.32) price objective on shares of Tullow Oil plc in a research note on Monday, June 26th. Macquarie reaffirmed an “outperform” rating and issued a GBX 245 ($3.26) price objective on shares of Tullow Oil plc in a research note on Thursday, July 27th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 210 ($2.79) price objective on shares of Tullow Oil plc in a research note on Friday, July 28th. Finally, Credit Suisse Group raised shares of Tullow Oil plc to an “outperform” rating and raised their price objective for the company from GBX 205 ($2.72) to GBX 210 ($2.79) in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 225.59 ($3.00).
Shares of Tullow Oil plc (TLW) opened at 182.60 on Monday. The firm’s 50-day moving average is GBX 171.97 and its 200 day moving average is GBX 178.71. The company’s market capitalization is GBX 2.24 billion. Tullow Oil plc has a 12 month low of GBX 142.38 and a 12 month high of GBX 299.86.
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In other Tullow Oil plc news, insider Les Wood bought 299 shares of Tullow Oil plc stock in a transaction dated Thursday, October 5th. The stock was purchased at an average price of GBX 151 ($2.01) per share, for a total transaction of £451.49 ($599.91).
About Tullow Oil plc
Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.
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