Tullow Oil plc (TLW) Receives Average Rating of “Hold” from Analysts

Shares of Tullow Oil plc (LON:TLW) have received a consensus rating of “Hold” from the twenty-one research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 244.44 ($3.11).

A number of equities analysts have recently weighed in on the company. GMP Securities reiterated a “hold” rating on shares of Tullow Oil plc in a report on Wednesday, April 26th. Whitman Howard reissued a “buy” rating on shares of Tullow Oil plc in a research note on Friday, May 26th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 250 ($3.18) price target on shares of Tullow Oil plc in a research note on Monday. Barclays PLC reissued an “overweight” rating and issued a GBX 220 ($2.80) price target on shares of Tullow Oil plc in a research note on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) raised Tullow Oil plc to a “neutral” rating and lowered their price target for the company from GBX 207.40 ($2.64) to GBX 200.60 ($2.55) in a research note on Monday, March 27th.

In other news, insider Ian Springett bought 206 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was acquired at an average cost of GBX 218 ($2.77) per share, for a total transaction of £449.08 ($571.20).

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Shares of Tullow Oil plc (LON:TLW) traded up 2.06% on Monday, hitting GBX 148.60. 8,507,141 shares of the stock traded hands. Tullow Oil plc has a 12-month low of GBX 142.30 and a 12-month high of GBX 299.86. The firm’s market cap is GBX 2.06 billion. The firm’s 50-day moving average is GBX 188.09 and its 200 day moving average is GBX 244.77.

Tullow Oil plc Company Profile

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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