Tullow Oil’s (TLW) “Outperform” Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of Tullow Oil (LON:TLW) in a research report released on Monday morning. Credit Suisse Group currently has a GBX 240 ($3.25) target price on the stock.

TLW has been the subject of several other research reports. Deutsche Bank raised their price objective on shares of Tullow Oil from GBX 200 ($2.71) to GBX 210 ($2.85) and gave the company a buy rating in a research report on Friday, October 13th. Jefferies Group raised their price objective on shares of Tullow Oil from GBX 155 ($2.10) to GBX 175 ($2.37) and gave the company an underperform rating in a research report on Thursday, November 9th. Barclays restated an overweight rating and issued a GBX 210 ($2.85) price objective on shares of Tullow Oil in a research report on Friday, December 15th. Whitman Howard restated a buy rating on shares of Tullow Oil in a research report on Friday, November 17th. Finally, Royal Bank of Canada upgraded shares of Tullow Oil to an outperform rating and raised their price objective for the company from GBX 200 ($2.71) to GBX 260 ($3.53) in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 229.48 ($3.11).

Tullow Oil (LON TLW) traded up GBX 1.10 ($0.01) on Monday, reaching GBX 221.30 ($3.00). 9,205,117 shares of the company’s stock traded hands, compared to its average volume of 9,530,000. The firm has a market cap of $3,070.00 and a PE ratio of -356.94. Tullow Oil has a 52-week low of GBX 142.30 ($1.93) and a 52-week high of GBX 299.86 ($4.07).

In other Tullow Oil news, insider Aidan Heavey sold 197,059 shares of Tullow Oil stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of GBX 192 ($2.60), for a total value of £378,353.28 ($513,090.97).

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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.

Analyst Recommendations for Tullow Oil (LON:TLW)

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