Barclays PLC Reiterates Overweight Rating for Tullow Oil plc (TLW)

Barclays PLC reissued their overweight rating on shares of Tullow Oil plc (LON:TLW) in a research note released on Friday morning, Marketbeat Ratings reports. The firm currently has a GBX 210 ($2.79) price objective on the stock.

Several other research analysts also recently weighed in on the stock. Macquarie reissued an outperform rating and issued a GBX 245 ($3.26) target price on shares of Tullow Oil plc in a research report on Tuesday, September 12th. Credit Suisse Group raised shares of Tullow Oil plc to an outperform rating and boosted their price objective for the company from GBX 205 ($2.72) to GBX 210 ($2.79) in a research report on Tuesday, September 19th. Jefferies Group LLC reiterated a buy rating and issued a GBX 250 ($3.32) target price on shares of Tullow Oil plc in a research note on Wednesday, July 5th. Royal Bank Of Canada reduced their target price on shares of Tullow Oil plc from GBX 275 ($3.65) to GBX 200 ($2.66) and set a sector performer rating for the company in a research note on Friday, June 23rd. Finally, Canaccord Genuity reduced their target price on shares of Tullow Oil plc from GBX 200 ($2.66) to GBX 160 ($2.13) and set a hold rating for the company in a research note on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 225.59 ($3.00).

Shares of Tullow Oil plc (TLW) opened at 185.60 on Friday. The stock has a 50 day moving average of GBX 171.97 and a 200 day moving average of GBX 178.71. The firm’s market capitalization is GBX 2.28 billion. Tullow Oil plc has a 52-week low of GBX 142.30 and a 52-week high of GBX 299.86.

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In other news, insider Les Wood bought 299 shares of the stock in a transaction dated Thursday, October 5th. The shares were bought at an average cost of GBX 151 ($2.01) per share, with a total value of £451.49 ($599.91).

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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