Tullow Oil plc (LON:TLW) had its price target cut by equities research analysts at Jefferies Group LLC from GBX 340 ($4.20) to GBX 270 ($3.33) in a report released on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s price objective points to a potential upside of 32.55% from the stock’s current price.
Several other research analysts have also issued reports on the company. AlphaValue reissued a “buy” rating and issued a GBX 308 ($3.80) target price on shares of Tullow Oil plc in a research report on Friday, March 17th. Barclays PLC reissued an “overweight” rating and issued a GBX 365 ($4.51) target price on shares of Tullow Oil plc in a research report on Tuesday, January 3rd. Goldman Sachs Group Inc lowered Tullow Oil plc to a “sell” rating and decreased their target price for the stock from GBX 247.20 ($3.05) to GBX 221.80 ($2.74) in a research report on Tuesday, December 6th. Macquarie lowered Tullow Oil plc to a “neutral” rating and set a GBX 303 ($3.74) target price for the company. in a research report on Thursday, January 5th. Finally, Numis Securities Ltd lowered Tullow Oil plc to a “sell” rating and set a GBX 260 ($3.21) target price for the company. in a research report on Wednesday, December 7th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Tullow Oil plc presently has an average rating of “Hold” and a consensus price target of GBX 262.30 ($3.24).
Tullow Oil plc (LON:TLW) opened at 203.70 on Monday. The stock’s market cap is GBX 1.86 billion. Tullow Oil plc has a 52-week low of GBX 181.10 and a 52-week high of GBX 352.10. The firm has a 50-day moving average price of GBX 265.74 and a 200 day moving average price of GBX 275.12.
In other news, insider Paul McDade purchased 178 shares of the company’s stock in a transaction dated Thursday, January 5th. The shares were purchased at an average cost of GBX 253 ($3.12) per share, for a total transaction of £450.34 ($556.18).
Tullow Oil plc Company Profile
Tullow Oil plc is an independent oil and gas exploration and production company. The Company is focused on finding and monetizing oil in Africa and the Atlantic Margins. Its activities include targeted exploration and appraisal, selective development projects and growing its West Africa oil production.