Shares of Tullow Oil plc (LON:TLW) have been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 222.10 ($3.07).
A number of equities research analysts have recently weighed in on the company. Deutsche Bank lowered their target price on Tullow Oil from GBX 235 ($3.25) to GBX 210 ($2.90) and set a “hold” rating for the company in a research note on Tuesday. Credit Suisse Group reissued an “outperform” rating and issued a GBX 230 ($3.18) target price on shares of Tullow Oil in a research note on Tuesday, February 27th. Barclays lowered Tullow Oil to an “equal weight” rating and lowered their target price for the company from GBX 210 ($2.90) to GBX 190 ($2.63) in a research note on Thursday, February 15th. Canaccord Genuity lowered their target price on Tullow Oil from GBX 220 ($3.04) to GBX 200 ($2.76) and set a “hold” rating for the company in a research note on Monday, February 12th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 260 ($3.59) target price on shares of Tullow Oil in a research note on Friday, February 2nd.
In other news, insider Aidan Heavey sold 197,059 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of GBX 192 ($2.65), for a total value of £378,353.28 ($522,731.80). Also, insider Angus McCoss sold 32,198 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of GBX 190 ($2.63), for a total value of £61,176.20 ($84,520.86).
Tullow Oil (TLW) traded up GBX 1.90 ($0.03) during trading on Friday, reaching GBX 188.10 ($2.60). The company had a trading volume of 3,440,000 shares, compared to its average volume of 9,740,000. Tullow Oil has a twelve month low of GBX 142.30 ($1.97) and a twelve month high of GBX 243 ($3.36). The stock has a market capitalization of $2,610.00 and a PE ratio of -1,567.50.
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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.
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