Tullow Oil plc (LON:TLW) had its target price cut by Canaccord Genuity from GBX 210 ($2.71) to GBX 200 ($2.58) in a report published on Thursday morning. They currently have a hold rating on the stock.
A number of other analysts have also recently commented on TLW. Deutsche Bank AG cut their price target on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 260 ($3.36) and set a buy rating for the company in a research note on Thursday. Numis Securities Ltd reiterated an add rating and issued a GBX 225 ($2.90) price target on shares of Tullow Oil plc in a research note on Wednesday, March 22nd. Jefferies Group LLC cut their price target on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 250 ($3.23) and set a buy rating for the company in a research note on Wednesday. GMP Securities cut shares of Tullow Oil plc to a hold rating and set a GBX 240 ($3.10) price target for the company. in a research note on Monday, April 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 245 ($3.16) and set an overweight rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 260.20 ($3.36).
Tullow Oil plc (LON:TLW) traded up 2.18% during trading on Thursday, reaching GBX 210.50. 9,399,346 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is GBX 209.10 and its 200 day moving average price is GBX 259.54. The firm’s market cap is GBX 1.92 billion. Tullow Oil plc has a 52-week low of GBX 154.23 and a 52-week high of GBX 299.86.
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In related news, insider Ian Springett bought 206 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was bought at an average price of GBX 218 ($2.81) per share, for a total transaction of £449.08 ($579.68).
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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