Tullow Oil (TLW) Earns “Hold” Rating from Deutsche Bank
Tullow Oil (LON:TLW)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued on Tuesday. They presently have a GBX 235 ($3.30) price objective on the stock. Deutsche Bank’s price objective would suggest a potential upside of 26.48% from the company’s current price.
Several other analysts have also weighed in on TLW. BNP Paribas restated an “outperform” rating and set a GBX 260 ($3.65) price target on shares of Tullow Oil in a report on Friday, February 2nd. Barclays restated an “overweight” rating and set a GBX 210 ($2.94) price target on shares of Tullow Oil in a report on Wednesday, January 31st. Numis Securities increased their price target on Tullow Oil from GBX 185 ($2.59) to GBX 215 ($3.01) and gave the company a “hold” rating in a report on Monday, January 22nd. Citigroup restated a “neutral” rating and set a GBX 200 ($2.80) price target on shares of Tullow Oil in a report on Monday, October 16th. Finally, Credit Suisse Group increased their price target on Tullow Oil from GBX 205 ($2.87) to GBX 240 ($3.37) and gave the company an “outperform” rating in a report on Thursday, November 9th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 226.14 ($3.17).
Shares of Tullow Oil (LON:TLW) opened at GBX 185.80 ($2.61) on Tuesday. The stock has a market capitalization of $2,590.00 and a P/E ratio of -1,548.33. Tullow Oil has a twelve month low of GBX 142.30 ($2.00) and a twelve month high of GBX 261.28 ($3.66).
About Tullow Oil
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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