Tullow Oil (LON:TLW)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a report issued on Tuesday. They currently have a GBX 315 ($4.10) target price on the stock, up from their previous target price of GBX 285 ($3.71). Barclays’ price target suggests a potential upside of 20.97% from the company’s previous close.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on Tullow Oil from GBX 255 ($3.32) to GBX 278 ($3.62) and gave the company an “overweight” rating in a research note on Thursday, July 12th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 230 ($3.00) target price on shares of Tullow Oil in a research note on Tuesday, July 3rd. Canaccord Genuity cut their target price on Tullow Oil from GBX 260 ($3.39) to GBX 250 ($3.26) and set a “hold” rating on the stock in a research note on Friday, July 27th. UBS Group reiterated a “neutral” rating and set a GBX 240 ($3.13) target price (down from GBX 250 ($3.26)) on shares of Tullow Oil in a research note on Friday, July 27th. Finally, Citigroup increased their target price on Tullow Oil from GBX 200 ($2.61) to GBX 225 ($2.93) and gave the company a “neutral” rating in a research note on Thursday, July 26th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 258.63 ($3.37).
Shares of TLW opened at GBX 260.40 ($3.39) on Tuesday. Tullow Oil has a 12 month low of GBX 142.30 ($1.85) and a 12 month high of GBX 243 ($3.17).
In other news, insider Les Wood sold 53,711 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of GBX 234 ($3.05), for a total transaction of £125,683.74 ($163,714.65).
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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