Tullow Oil plc (TLW) Receives GBX 266.24 Consensus Target Price from Brokerages

Tullow Oil plc (LON:TLW) has been assigned a consensus rating of “Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 257.36 ($3.36).

A number of analysts recently commented on TLW shares. Barclays upgraded Tullow Oil to an “overweight” rating and upped their price objective for the company from GBX 190 ($2.48) to GBX 285 ($3.72) in a research report on Thursday, July 5th. Morgan Stanley upped their price objective on Tullow Oil from GBX 325 ($4.25) to GBX 355 ($4.64) and gave the company an “overweight” rating in a research report on Monday, October 8th. Canaccord Genuity upgraded Tullow Oil to a “buy” rating and upped their price objective for the company from GBX 250 ($3.27) to GBX 270 ($3.53) in a research report on Monday, September 17th. Jefferies Financial Group cut their price target on Tullow Oil from GBX 254 ($3.32) to GBX 250 ($3.27) and set a “hold” rating for the company in a report on Wednesday, July 4th. Finally, Numis Securities reissued a “hold” rating on shares of Tullow Oil in a report on Wednesday, July 18th.

Tullow Oil stock remained flat at $GBX 235.60 ($3.08) during mid-day trading on Friday. The company had a trading volume of 7,473,225 shares, compared to its average volume of 9,450,000. Tullow Oil has a 12 month low of GBX 142.30 ($1.86) and a 12 month high of GBX 243 ($3.18).

In other Tullow Oil news, insider Les Wood sold 53,711 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of GBX 234 ($3.06), for a total transaction of £125,683.74 ($164,228.07).

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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