Tullow Oil plc (TLW) Given Consensus Recommendation of “Hold” by Brokerages

Tullow Oil plc (LON:TLW) has been given an average rating of “Hold” by the twenty-one research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 223.57 ($2.89).

TLW has been the topic of several recent research reports. J P Morgan Chase & Co lowered their price target on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 245 ($3.16) and set an “overweight” rating on the stock in a research note on Wednesday, May 17th. Jefferies Group LLC lowered their price target on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 250 ($3.23) and set a “buy” rating on the stock in a research note on Wednesday, May 17th. Deutsche Bank AG lowered their price target on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 260 ($3.36) and set a “buy” rating on the stock in a research note on Thursday, May 18th. Canaccord Genuity lowered their price target on shares of Tullow Oil plc from GBX 210 ($2.71) to GBX 200 ($2.58) and set a “hold” rating on the stock in a research note on Thursday, May 18th. Finally, Macquarie lowered their price target on shares of Tullow Oil plc from GBX 355 ($4.58) to GBX 280 ($3.62) and set an “outperform” rating on the stock in a research note on Tuesday, May 23rd.

In related news, insider Paul McDade purchased 281 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were acquired at an average price of GBX 160 ($2.07) per share, for a total transaction of £449.60 ($580.65).

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Tullow Oil plc (LON TLW) traded up 3.12% during trading on Friday, reaching GBX 161.90. 12,240,231 shares of the company’s stock traded hands. The firm’s market cap is GBX 1.99 billion. Tullow Oil plc has a 12 month low of GBX 142.30 and a 12 month high of GBX 299.86. The firm has a 50 day moving average price of GBX 162.77 and a 200-day moving average price of GBX 182.10.

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.

Analyst Recommendations for Tullow Oil plc (LON:TLW)

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