Tullow Oil plc (LON:TLW) had its target price upped by Credit Suisse Group from GBX 205 ($2.70) to GBX 240 ($3.16) in a research note published on Thursday. The brokerage currently has an outperform rating on the stock.
Several other research firms also recently commented on TLW. Citigroup Inc. reaffirmed a neutral rating and set a GBX 200 ($2.63) price objective on shares of Tullow Oil plc in a research note on Monday, October 16th. Macquarie reaffirmed an outperform rating and set a GBX 245 ($3.22) price objective on shares of Tullow Oil plc in a research note on Tuesday, September 12th. Jefferies Group LLC downgraded Tullow Oil plc to an underperform rating and set a GBX 155 ($2.04) price objective for the company. in a research note on Wednesday, October 4th. Stifel Nicolaus raised Tullow Oil plc to a hold rating and set a GBX 180 ($2.37) price objective for the company in a research note on Sunday, September 24th. Finally, Barclays PLC reaffirmed an overweight rating on shares of Tullow Oil plc in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 229.20 ($3.01).
Shares of Tullow Oil plc (TLW) opened at GBX 192.20 ($2.53) on Thursday. Tullow Oil plc has a one year low of GBX 142.30 ($1.87) and a one year high of GBX 299.86 ($3.94).
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In related news, insider Les Wood purchased 299 shares of the stock in a transaction dated Thursday, October 5th. The shares were acquired at an average cost of GBX 151 ($1.99) per share, for a total transaction of £451.49 ($593.83).
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.
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