A number of other research analysts also recently issued reports on TLW. Jefferies Group downgraded shares of Tullow Oil to a hold rating and reduced their price objective for the company from GBX 250 ($3.36) to GBX 155 ($2.09) in a research report on Tuesday, August 29th. Deutsche Bank reissued a buy rating and set a GBX 200 ($2.69) price objective on shares of Tullow Oil in a research report on Monday, September 11th. Macquarie reissued an outperform rating and set a GBX 245 ($3.30) price objective on shares of Tullow Oil in a research report on Tuesday, September 12th. Barclays reissued an overweight rating on shares of Tullow Oil in a research report on Monday, September 25th. Finally, Stifel Nicolaus raised shares of Tullow Oil to a hold rating and set a GBX 180 ($2.42) price objective on the stock in a research report on Sunday, September 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 229.20 ($3.08).
Tullow Oil (LON:TLW) opened at GBX 182.16 ($2.45) on Thursday. Tullow Oil has a 1 year low of GBX 142.30 ($1.92) and a 1 year high of GBX 299.86 ($4.04).
In other news, insider Les Wood purchased 299 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were bought at an average price of GBX 151 ($2.03) per share, for a total transaction of £451.49 ($607.66).
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About Tullow Oil
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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