Tullow Oil plc (LON:TLW)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays PLC in a research note issued to investors on Tuesday, June 13th, MarketBeat reports. They presently have a GBX 220 ($2.85) price objective on the stock. Barclays PLC’s target price would suggest a potential upside of 44.17% from the company’s previous close.
A number of other research analysts have also recently commented on TLW. Canaccord Genuity upgraded Tullow Oil plc to a “hold” rating and raised their price target for the stock from GBX 265 ($3.43) to GBX 275 ($3.56) in a research report on Tuesday, February 21st. Jefferies Group LLC upgraded Tullow Oil plc to a “buy” rating and raised their price target for the stock from GBX 260 ($3.37) to GBX 340 ($4.40) in a research report on Monday, February 20th. GMP Securities restated a “hold” rating on shares of Tullow Oil plc in a research report on Friday, March 17th. Panmure Gordon decreased their price target on Tullow Oil plc from GBX 245 ($3.17) to GBX 215 ($2.78) and set a “hold” rating on the stock in a research report on Tuesday, March 21st. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of Tullow Oil plc in a research report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 235.92 ($3.06).
Tullow Oil plc (LON TLW) traded down 2.86% during trading on Tuesday, reaching GBX 152.60. 7,161,138 shares of the company’s stock were exchanged. Tullow Oil plc has a 52 week low of GBX 142.38 and a 52 week high of GBX 352.10. The stock’s market capitalization is GBX 1.39 billion. The company’s 50 day moving average price is GBX 178.22 and its 200-day moving average price is GBX 237.70.
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In other news, insider Ian Springett acquired 206 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was purchased at an average price of GBX 218 ($2.82) per share, for a total transaction of £449.08 ($581.71).
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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