Tullow Oil plc (LON:TLW – Get Free Report)’s share price was up 6.6% during trading on Monday . The company traded as high as GBX 6.28 and last traded at GBX 6.11. Approximately 6,465,417 shares traded hands during trading, a decline of 39% from the average daily volume of 10,522,629 shares. The stock had previously closed at GBX 5.73.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on TLW shares. Jefferies Financial Group cut their price target on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research note on Monday, October 20th. Panmure Gordon dropped their price objective on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a report on Monday, November 24th. Finally, Shore Capital restated a “buy” rating on shares of Tullow Oil in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tullow Oil has an average rating of “Reduce” and an average price target of GBX 12.85.
Read Our Latest Stock Analysis on Tullow Oil
Tullow Oil Stock Up 6.6%
Tullow Oil Company Profile
Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. Tullow’s operations are focused on its core producing assets in Ghana. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030, with a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).
For further information, please refer to: www.tullowoil.com.
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