Tullow Oil plc (TLW) Set to Announce Quarterly Earnings on Wednesday

Tullow Oil plc (LON:TLW) is scheduled to be announcing its earnings results on Wednesday, July 27th. Investors that wish to register for the company’s conference call can do so using this link.

In other Tullow Oil plc news, insider McCoss,Angus acquired 233 shares of the company’s stock in a transaction on Friday, July 1st. The shares were bought at an average cost of GBX 193 ($2.56) per share, for a total transaction of £449.69 ($596.33).

Tullow Oil plc (LON:TLW) traded down 0.85% during mid-day trading on Tuesday, hitting GBX 198.90. The company had a trading volume of 9,044,198 shares. Tullow Oil plc has a 52 week low of GBX 116.26 and a 52 week high of GBX 290.40. The company’s market capitalization is GBX 1.81 billion. The firm’s 50 day moving average is GBX 235.77 and its 200 day moving average is GBX 209.14.

Several research firms have recently issued reports on TLW. Numis Securities Ltd raised shares of Tullow Oil plc to a “reduce” rating and set a GBX 190 ($2.52) target price on the stock in a research note on Monday. Deutsche Bank AG lowered their target price on shares of Tullow Oil plc from GBX 270 ($3.58) to GBX 250 ($3.32) and set a “hold” rating on the stock in a research note on Monday. Liberum Capital reissued a “sell” rating and set a GBX 178 ($2.36) target price on shares of Tullow Oil plc in a research note on Thursday, July 14th. Barclays PLC increased their target price on shares of Tullow Oil plc from GBX 300 ($3.98) to GBX 320 ($4.24) and gave the stock an “overweight” rating in a research note on Wednesday, July 13th. Finally, Morgan Stanley decreased their price target on shares of Tullow Oil plc from GBX 322 ($4.27) to GBX 312 ($4.14) and set an “equal weight” rating on the stock in a research note on Monday, July 11th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. Tullow Oil plc currently has an average rating of “Hold” and a consensus target price of GBX 270.85 ($3.59).

Tullow Oil plc is an independent oil and gas exploration and production company. The Company focuses on finding and monetizing oil in Africa and the Atlantic Margins. The Company operates through segments, including West Africa, East Africa and New Ventures. It has a portfolio of approximately 120 licenses across over 20 countries, which are managed under West Africa Business, East Africa Business and New Ventures Business.