Barclays PLC reissued their overweight rating on shares of Tullow Oil plc (LON:TLW) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 220 ($2.78) price target on the stock.
A number of other equities analysts have also recently issued reports on the stock. AlphaValue reaffirmed a buy rating and issued a GBX 308 ($3.90) price objective on shares of Tullow Oil plc in a research note on Friday, March 17th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 270 ($3.42) price objective on shares of Tullow Oil plc in a research note on Tuesday, April 18th. J P Morgan Chase & Co reduced their price objective on shares of Tullow Oil plc from GBX 270 ($3.42) to GBX 245 ($3.10) and set an overweight rating on the stock in a research note on Wednesday, May 17th. Jefferies Group LLC reduced their price objective on shares of Tullow Oil plc from GBX 340 ($4.30) to GBX 270 ($3.42) and set a buy rating on the stock in a research note on Monday, March 20th. Finally, Numis Securities Ltd raised shares of Tullow Oil plc to an add rating and lifted their price target for the stock from GBX 270 ($3.42) to GBX 285 ($3.61) in a research report on Friday, March 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 248.26 ($3.14).
Tullow Oil plc (TLW) opened at 159.90 on Tuesday. Tullow Oil plc has a 12-month low of GBX 154.23 and a 12-month high of GBX 299.86. The firm has a 50 day moving average price of GBX 192.17 and a 200 day moving average price of GBX 248.35. The company’s market cap is GBX 1.46 billion.
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In other news, insider Ian Springett purchased 206 shares of Tullow Oil plc stock in a transaction dated Wednesday, April 26th. The shares were bought at an average cost of GBX 218 ($2.76) per share, with a total value of £449.08 ($568.10).
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.
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