Tullow Oil (LON:TLW)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group in a report issued on Tuesday. They presently have a GBX 230 ($3.18) price target on the stock. Credit Suisse Group’s price objective points to a potential upside of 27.78% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Deutsche Bank reissued a “hold” rating and issued a GBX 235 ($3.25) target price on shares of Tullow Oil in a research report on Tuesday, February 6th. Canaccord Genuity dropped their target price on shares of Tullow Oil from GBX 220 ($3.04) to GBX 200 ($2.76) and set a “hold” rating for the company in a research report on Monday, February 12th. Barclays reissued an “overweight” rating and issued a GBX 210 ($2.90) target price on shares of Tullow Oil in a research report on Thursday, January 11th. Numis Securities boosted their target price on shares of Tullow Oil from GBX 185 ($2.56) to GBX 215 ($2.97) and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tullow Oil from GBX 245 ($3.38) to GBX 255 ($3.52) and gave the stock an “overweight” rating in a research report on Thursday, January 11th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 225.31 ($3.11).
Shares of Tullow Oil (LON TLW) opened at GBX 180 ($2.49) on Tuesday. The firm has a market cap of $2,490.00 and a PE ratio of -1,500.00. Tullow Oil has a 1 year low of GBX 142.30 ($1.97) and a 1 year high of GBX 243 ($3.36).
In related news, insider Aidan Heavey sold 197,059 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of GBX 192 ($2.65), for a total transaction of £378,353.28 ($522,731.80). Also, insider Angus McCoss sold 32,198 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 190 ($2.63), for a total transaction of £61,176.20 ($84,520.86).
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.
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