Tullow Oil plc (TLW) Receives GBX 259.42 Consensus PT from Brokerages

Tullow Oil plc (LON:TLW) has received a consensus rating of “Buy” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 259.42 ($3.39).

A number of brokerages have recently weighed in on TLW. Canaccord Genuity upgraded shares of Tullow Oil to a “buy” rating and boosted their price objective for the stock from GBX 250 ($3.27) to GBX 270 ($3.53) in a report on Monday, September 17th. Morgan Stanley restated an “overweight” rating on shares of Tullow Oil in a report on Thursday, October 18th. Barclays restated an “overweight” rating on shares of Tullow Oil in a report on Wednesday, October 10th. Citigroup boosted their price objective on shares of Tullow Oil from GBX 200 ($2.61) to GBX 225 ($2.94) and gave the stock a “neutral” rating in a report on Thursday, July 26th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 240 ($3.14) target price (down from GBX 250 ($3.27)) on shares of Tullow Oil in a research note on Friday, July 27th.

Shares of TLW opened at GBX 203.70 ($2.66) on Thursday. Tullow Oil has a fifty-two week low of GBX 142.30 ($1.86) and a fifty-two week high of GBX 243 ($3.18).

In related news, insider Les Wood sold 53,711 shares of Tullow Oil stock in a transaction on Thursday, August 30th. The shares were sold at an average price of GBX 234 ($3.06), for a total value of £125,683.74 ($164,228.07).

Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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