Tullow Oil plc’s (TLW) Buy Rating Reaffirmed at Whitman Howard

Whitman Howard restated their buy rating on shares of Tullow Oil plc (LON:TLW) in a research note issued to investors on Friday morning.

A number of other research firms have also commented on TLW. Barclays PLC reissued an overweight rating and issued a GBX 210 ($2.76) target price on shares of Tullow Oil plc in a report on Thursday, November 9th. Deutsche Bank AG lifted their target price on Tullow Oil plc from GBX 210 ($2.76) to GBX 225 ($2.96) and gave the stock a buy rating in a report on Thursday, November 9th. Jefferies Group LLC lifted their price objective on Tullow Oil plc from GBX 155 ($2.04) to GBX 175 ($2.30) and gave the stock an underperform rating in a report on Thursday, November 9th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 245 ($3.22) price objective on shares of Tullow Oil plc in a report on Thursday, November 9th. Finally, Credit Suisse Group lifted their price objective on Tullow Oil plc from GBX 205 ($2.70) to GBX 240 ($3.16) and gave the stock an outperform rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 229.20 ($3.01).

Tullow Oil plc (LON TLW) traded up GBX 1.70 ($0.02) during trading on Friday, hitting GBX 172.90 ($2.27). The company’s stock had a trading volume of 11,316,966 shares, compared to its average volume of 10,480,000. Tullow Oil plc has a twelve month low of GBX 142.30 ($1.87) and a twelve month high of GBX 299.86 ($3.94).

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In other Tullow Oil plc news, insider Les Wood acquired 299 shares of the stock in a transaction dated Thursday, October 5th. The shares were acquired at an average cost of GBX 151 ($1.99) per share, for a total transaction of £451.49 ($593.83).

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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