Tullow Oil plc (TLW) Given “Neutral” Rating at Citigroup Inc.

Tullow Oil plc (LON:TLW)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup Inc. in a research note issued on Monday, October 16th. They presently have a GBX 200 ($2.64) price objective on the stock. Citigroup Inc.’s price objective suggests a potential upside of 12.36% from the company’s current price.

A number of other brokerages have also recently weighed in on TLW. Jefferies Group LLC cut shares of Tullow Oil plc to an “underperform” rating and set a GBX 155 ($2.05) price target on the stock. in a research report on Wednesday, October 4th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 210 ($2.77) price target on shares of Tullow Oil plc in a research report on Friday, October 13th. Deutsche Bank AG lifted their price target on shares of Tullow Oil plc from GBX 200 ($2.64) to GBX 210 ($2.77) and gave the company a “buy” rating in a research report on Friday, October 13th. Stifel Nicolaus raised shares of Tullow Oil plc to a “hold” rating and set a GBX 180 ($2.38) price target on the stock in a research report on Sunday, September 24th. Finally, Royal Bank Of Canada raised shares of Tullow Oil plc to an “outperform” rating and boosted their target price for the stock from GBX 200 ($2.64) to GBX 260 ($3.43) in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 225.59 ($2.98).

Shares of Tullow Oil plc (LON:TLW) opened at 178.00 on Monday. The stock’s market capitalization is GBX 2.18 billion. The stock has a 50 day moving average price of GBX 178.06 and a 200 day moving average price of GBX 177.79. Tullow Oil plc has a 1-year low of GBX 142.38 and a 1-year high of GBX 299.86.

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In other Tullow Oil plc news, insider Les Wood bought 299 shares of the stock in a transaction on Thursday, October 5th. The stock was purchased at an average price of GBX 151 ($1.99) per share, for a total transaction of £451.49 ($595.79).

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.

Analyst Recommendations for Tullow Oil plc (LON:TLW)

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