Tullow Oil plc (TLW) Upgraded to Outperform by Credit Suisse Group

Credit Suisse Group upgraded shares of Tullow Oil plc (LON:TLW) to an outperform rating in a research report report published on Tuesday, Marketbeat reports. Credit Suisse Group currently has GBX 210 ($2.83) price target on the stock, up from their prior price target of GBX 205 ($2.76).

Several other equities analysts also recently commented on TLW. Macquarie cut their price target on shares of Tullow Oil plc from GBX 355 ($4.79) to GBX 280 ($3.78) and set an outperform rating on the stock in a report on Tuesday, May 23rd. Whitman Howard reiterated a buy rating on shares of Tullow Oil plc in a report on Friday, May 26th. Barclays PLC reiterated an overweight rating and set a GBX 220 ($2.97) price target on shares of Tullow Oil plc in a report on Wednesday, June 7th. Royal Bank Of Canada cut their price target on shares of Tullow Oil plc from GBX 275 ($3.71) to GBX 200 ($2.70) and set a sector performer rating on the stock in a report on Friday, June 23rd. Finally, Jefferies Group LLC restated a buy rating and issued a GBX 250 ($3.37) target price on shares of Tullow Oil plc in a research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 227.09 ($3.06).

Shares of Tullow Oil plc (LON:TLW) opened at 178.30 on Tuesday. The company has a 50 day moving average price of GBX 162.01 and a 200 day moving average price of GBX 180.29. Tullow Oil plc has a 1-year low of GBX 142.30 and a 1-year high of GBX 299.86. The company’s market capitalization is GBX 2.19 billion.

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In other Tullow Oil plc news, insider Paul McDade acquired 281 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were purchased at an average cost of GBX 160 ($2.16) per share, for a total transaction of £449.60 ($606.18).

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.

Analyst Recommendations for Tullow Oil plc (LON:TLW)

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