Tullow Oil (LON:TLW) Price Target Raised to GBX 15

Tullow Oil (LON:TLW) had its target price increased by analysts at Canaccord Genuity Group from GBX 14 to GBX 15 in a report issued on Friday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 2.32% from the stock’s previous close.

A number of other brokerages also recently weighed in on TLW. Peel Hunt reissued a “buy” rating and issued a GBX 24 price target on shares of Tullow Oil in a report on Wednesday, August 5th. Shore Capital Group restated a “hold” rating on shares of Tullow Oil in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of GBX 12.60.

Tullow Oil Stock Up 1.0%

TLW stock opened at GBX 14.66 on Friday. The stock has a market cap of £222.10 million, a P/E ratio of 36.65, a P/E/G ratio of -0.19 and a beta of 0.47. The company has a current ratio of 0.52, a quick ratio of 0.63 and a debt-to-equity ratio of -892.65. The stock’s fifty day simple moving average is GBX 13.62 and its two-hundred day simple moving average is GBX 12.88. Tullow Oil has a 1-year low of GBX 3.51 and a 1-year high of GBX 19.50.

Insider Buying and Selling at Tullow Oil

In other news, insider Garrett Soden bought 426,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of GBX 15 per share, with a total value of £63,900. Also, insider Richard Miller bought 115,000 shares of the stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of GBX 17 per share, for a total transaction of £19,550. 3.00% of the stock is currently owned by corporate insiders.

Tullow Oil Company Profile

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.