Tullow Oil plc (TLW) Receives GBX 253.42 Average PT from Brokerages

Tullow Oil plc (LON:TLW) has been given a consensus rating of “Hold” by the twenty-five brokerages that are presently covering the company. Ten analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 253.42 ($3.16).

A number of analysts have commented on the stock. Deutsche Bank AG boosted their price target on shares of Tullow Oil plc from GBX 240 ($2.99) to GBX 300 ($3.74) and gave the stock a “hold” rating in a research report on Monday, October 24th. Barclays PLC restated an “overweight” rating and set a GBX 365 ($4.55) price target on shares of Tullow Oil plc in a research report on Tuesday, January 3rd. Goldman Sachs Group, Inc. (The) downgraded shares of Tullow Oil plc to a “sell” rating and dropped their price target for the stock from GBX 247.20 ($3.08) to GBX 221.80 ($2.76) in a research report on Tuesday, December 6th. Jefferies Group LLC restated an “underperform” rating and set a GBX 175 ($2.18) price target on shares of Tullow Oil plc in a research report on Monday, October 31st. Finally, Beaufort Securities restated a “speculative buy” rating on shares of Tullow Oil plc in a research report on Monday, October 31st.

In other Tullow Oil plc news, insider Paul McDade bought 178 shares of the firm’s stock in a transaction on Thursday, January 5th. The stock was bought at an average cost of GBX 253 ($3.15) per share, with a total value of £450.34 ($560.96).

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Shares of Tullow Oil plc (LON:TLW) opened at 281.5423 on Friday. Tullow Oil plc has a 12 month low of GBX 147.00 and a 12 month high of GBX 352.10. The company’s 50-day moving average is GBX 306.90 and its 200-day moving average is GBX 266.94. The firm’s market cap is GBX 2.57 billion.

Tullow Oil plc Company Profile

Tullow Oil plc is an independent oil and gas exploration and production company. The Company is focused on finding and monetizing oil in Africa and the Atlantic Margins. Its activities include targeted exploration and appraisal, selective development projects and growing its West Africa oil production.

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