Tullow Oil (LON:TLW) had its price target increased by analysts at JPMorgan Chase & Co. from GBX 245 ($3.32) to GBX 255 ($3.46) in a research note issued on Thursday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 8.83% from the company’s current price.
A number of other equities research analysts have also recently weighed in on TLW. Barclays restated an “overweight” rating on shares of Tullow Oil in a report on Thursday. Jefferies Group restated a “hold” rating and issued a GBX 155 ($2.10) price target on shares of Tullow Oil in a report on Monday, September 25th. Royal Bank of Canada upgraded Tullow Oil to an “outperform” rating and upped their price target for the stock from GBX 200 ($2.71) to GBX 260 ($3.53) in a report on Tuesday, September 26th. Credit Suisse Group restated an “outperform” rating and issued a GBX 240 ($3.25) price target on shares of Tullow Oil in a report on Monday, January 8th. Finally, Stifel Nicolaus upgraded Tullow Oil to a “hold” rating and set a GBX 180 ($2.44) price target on the stock in a report on Sunday, September 24th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Tullow Oil presently has a consensus rating of “Buy” and an average target price of GBX 223.27 ($3.03).
Tullow Oil (TLW) traded up GBX 4.50 ($0.06) on Thursday, hitting GBX 234.30 ($3.18). The company had a trading volume of 14,935,023 shares, compared to its average volume of 9,610,000. The firm has a market cap of $3,240.00 and a PE ratio of -377.90. Tullow Oil has a 1-year low of GBX 142.30 ($1.93) and a 1-year high of GBX 281.63 ($3.82).
In other Tullow Oil news, insider Aidan Heavey sold 197,059 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of GBX 192 ($2.60), for a total transaction of £378,353.28 ($513,090.97).
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About Tullow Oil
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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