Tullow Oil (TLW) Price Target Lowered to GBX 210 at Deutsche Bank

Tullow Oil (LON:TLW) had its price target trimmed by Deutsche Bank from GBX 235 ($3.25) to GBX 210 ($2.90) in a report released on Tuesday. The brokerage currently has a hold rating on the stock.

A number of other analysts have also weighed in on TLW. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 230 ($3.18) price objective on shares of Tullow Oil in a research note on Tuesday, February 27th. Canaccord Genuity lowered their price objective on shares of 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. Numis Securities upped their price objective on shares of Tullow Oil from GBX 185 ($2.56) to GBX 215 ($2.97) and gave the stock a hold rating in a research note on Monday, January 22nd. Whitman Howard reaffirmed a buy rating on shares of Tullow Oil in a research note on Friday, November 17th. Finally, Jefferies Group upped their price objective on shares of Tullow Oil from GBX 155 ($2.14) to GBX 175 ($2.42) and gave the stock an underperform rating in a research note on Thursday, November 9th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 225.31 ($3.11).

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Shares of Tullow Oil (TLW) opened at GBX 191.20 ($2.64) on Tuesday. Tullow Oil has a one year low of GBX 142.30 ($1.97) and a one year high of GBX 243 ($3.36). The firm has a market cap of $2,680.00 and a PE ratio of -1,593.33.

In other news, insider Angus McCoss sold 32,198 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of GBX 190 ($2.63), for a total transaction of £61,176.20 ($84,520.86). Also, insider Aidan Heavey sold 197,059 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of GBX 192 ($2.65), for a total transaction of £378,353.28 ($522,731.80).

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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.

Analyst Recommendations for Tullow Oil (LON:TLW)

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