Tullow Oil plc’s (TLW) “Overweight” Rating Reiterated at Barclays PLC

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).

Analyst Recommendations for Tullow Oil plc (LON:TLW)

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.

WARNING: “Tullow Oil plc’s (TLW) “Overweight” Rating Reiterated at Barclays PLC” was first published by sleekmoney and is owned by of sleekmoney. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://sleekmoney.com/tullow-oil-plcs-tlw-overweight-rating-reiterated-at-barclays-plc/1920012.html.

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.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/tullow-oil-plcs-tlw-overweight-rating-reiterated-at-barclays-plc/1920012.html

Receive News & Ratings for Tullow Oil plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil plc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *