Tullow Oil plc (TLW) Given Average Recommendation of “Hold” by Brokerages

Tullow Oil plc (LON:TLW) has received a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 227.57 ($2.99).

Several analysts have recently weighed in on the company. Deutsche Bank AG upped their price objective on Tullow Oil plc from GBX 210 ($2.76) to GBX 225 ($2.96) and gave the company a “buy” rating in a report on Thursday, November 9th. Barclays PLC restated an “overweight” rating and issued a GBX 210 ($2.76) price objective on shares of Tullow Oil plc in a report on Thursday, November 9th. Jefferies Group LLC upped their price objective on Tullow Oil plc from GBX 155 ($2.04) to GBX 175 ($2.30) and gave the company an “underperform” rating in a report on Thursday, November 9th. Credit Suisse Group upped their price objective on Tullow Oil plc from GBX 205 ($2.70) to GBX 240 ($3.16) and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 245 ($3.22) price objective on shares of Tullow Oil plc in a report on Thursday, November 9th.

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Shares of Tullow Oil plc (TLW) traded up GBX 0.90 ($0.01) during trading on Thursday, hitting GBX 174.30 ($2.29). The stock had a trading volume of 8,002,018 shares, compared to its average volume of 11,530,000. Tullow Oil plc has a twelve month low of GBX 142.30 ($1.87) and a twelve month high of GBX 299.86 ($3.94).

In other Tullow Oil plc news, insider Les Wood purchased 299 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were purchased at an average cost of GBX 151 ($1.99) per share, with a total value of £451.49 ($593.83).

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.

Analyst Recommendations for Tullow Oil plc (LON:TLW)

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