Tullow Oil’s (TLW) “Outperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of Tullow Oil (LON:TLW) in a research note released on Monday, January 8th. They currently have a GBX 240 ($3.25) target price on the stock.

TLW has been the subject of a number of other reports. Deutsche Bank upped their price target on Tullow Oil from GBX 210 ($2.85) to GBX 225 ($3.05) and gave the stock a buy rating in a report on Thursday, November 9th. Barclays restated an overweight rating and set a GBX 210 ($2.85) price objective on shares of Tullow Oil in a research report on Thursday, November 9th. Jefferies Group boosted their price objective on Tullow Oil from GBX 155 ($2.10) to GBX 175 ($2.37) and gave the company an underperform rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 245 ($3.32) target price on shares of Tullow Oil in a report on Thursday, November 9th. Finally, Citigroup reaffirmed a neutral rating and set a GBX 200 ($2.71) price target on shares of Tullow Oil in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Tullow Oil presently has an average rating of Buy and a consensus price target of GBX 223.27 ($3.03).

Shares of Tullow Oil (TLW) traded down GBX 2.10 ($0.03) during trading on Monday, hitting GBX 232.20 ($3.15). The stock had a trading volume of 9,140,989 shares, compared to its average volume of 9,470,000. The firm has a market cap of $3,170.00 and a price-to-earnings ratio of -380.66. Tullow Oil has a fifty-two week low of GBX 142.30 ($1.93) and a fifty-two week high of GBX 273.37 ($3.71).

In other Tullow Oil news, insider Aidan Heavey sold 197,059 shares of Tullow Oil stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of GBX 192 ($2.60), for a total transaction of £378,353.28 ($513,090.97).

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Tullow Oil 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.

Analyst Recommendations for Tullow Oil (LON:TLW)

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