Several other equities research analysts have also recently issued reports on TLW. J P Morgan Chase & Co cut their price objective on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 245 ($3.16) and set an overweight rating for the company in a research report on Wednesday, May 17th. Jefferies Group LLC cut their price objective on shares of Tullow Oil plc from GBX 270 ($3.49) to GBX 250 ($3.23) and set a buy rating for the company in a research report on Wednesday, May 17th. Canaccord Genuity cut their price objective on shares of Tullow Oil plc from GBX 210 ($2.71) to GBX 200 ($2.58) and set a hold rating for the company in a research report on Thursday, May 18th. Macquarie cut their price objective on shares of Tullow Oil plc from GBX 355 ($4.58) to GBX 280 ($3.62) and set an outperform rating for the company in a research report on Tuesday, May 23rd. Finally, Whitman Howard restated a buy rating on shares of Tullow Oil plc in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 226.80 ($2.93).
Tullow Oil plc (LON TLW) opened at 155.10 on Monday. The company’s 50 day moving average is GBX 162.49 and its 200-day moving average is GBX 183.28. Tullow Oil plc has a 1-year low of GBX 142.30 and a 1-year high of GBX 299.86. The stock’s market capitalization is GBX 1.90 billion.
Tullow Oil plc (LON:TLW) last released its quarterly earnings data on Tuesday, July 25th. The company reported ($0.25) earnings per share (EPS) for the quarter. Tullow Oil plc had a negative return on equity of 24.99% and a negative net margin of 36.71%. Analysts forecast that Tullow Oil plc will post ($0.06) earnings per share for the current fiscal year.
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In other Tullow Oil plc news, insider Paul McDade acquired 281 shares of the stock in a transaction dated Wednesday, July 5th. The stock was acquired at an average price of GBX 160 ($2.07) per share, with a total value of £449.60 ($580.65).
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.
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