Shares of Tullow Oil plc (LON:TLW) have earned an average rating of “Hold” from the twenty-one ratings firms that are covering the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 266.60 ($3.44).
A number of equities research analysts have recently weighed in on TLW shares. GMP Securities restated a “hold” rating on shares of Tullow Oil plc in a report on Wednesday, April 26th. Goldman Sachs Group Inc raised shares of Tullow Oil plc to a “neutral” rating and decreased their target price for the stock from GBX 207.40 ($2.68) to GBX 200.60 ($2.59) in a research note on Monday, March 27th. Canaccord Genuity raised shares of Tullow Oil plc to a “hold” rating and boosted their price objective for the company from GBX 265 ($3.42) to GBX 275 ($3.55) in a research report on Tuesday, February 21st. Royal Bank of Canada downgraded shares of Tullow Oil plc to a “sector perform” rating and reduced their price objective for the company from GBX 400 ($5.16) to GBX 275 ($3.55) in a research report on Thursday, March 23rd. Finally, Whitman Howard reissued a “buy” rating and set a GBX 262 ($3.38) price objective on shares of Tullow Oil plc in a research report on Wednesday, April 26th.
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In related news, insider Ian Springett purchased 206 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was bought at an average cost of GBX 218 ($2.81) per share, for a total transaction of £449.08 ($579.68).
Shares of Tullow Oil plc (LON:TLW) traded up 1.48% during trading on Friday, hitting GBX 206.00. 9,650,187 shares of the stock were exchanged. The firm’s 50 day moving average price is GBX 208.44 and its 200-day moving average price is GBX 259.88. The stock’s market cap is GBX 1.88 billion. Tullow Oil plc has a 52 week low of GBX 154.23 and a 52 week high of GBX 299.86.
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.
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