Tullow Oil plc (TLW) Receives Average Rating of “Buy” from Brokerages

Shares of Tullow Oil plc (LON:TLW) have earned a consensus rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 253.22 ($3.30).

TLW has been the subject of several research reports. Jefferies Financial Group raised their target price on Tullow Oil from GBX 180 ($2.34) to GBX 254 ($3.31) and gave the company a “hold” rating in a research note on Tuesday, June 12th. Barclays raised Tullow Oil to an “overweight” rating and raised their target price for the company from GBX 190 ($2.47) to GBX 285 ($3.71) in a research note on Thursday, July 5th. Canaccord Genuity reduced their target price on Tullow Oil from GBX 260 ($3.39) to GBX 250 ($3.26) and set a “hold” rating for the company in a report on Friday, July 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 230 ($3.00) target price on shares of Tullow Oil in a report on Tuesday, July 3rd. Finally, Numis Securities reaffirmed a “hold” rating on shares of Tullow Oil in a report on Wednesday, July 18th.

TLW stock traded up GBX 7.21 ($0.09) during trading hours on Wednesday, hitting GBX 254.01 ($3.31). 5,662,084 shares of the stock traded hands, compared to its average volume of 9,450,000. Tullow Oil has a one year low of GBX 142.30 ($1.85) and a one year high of GBX 243 ($3.17).

In other news, insider Les Wood sold 53,711 shares of the stock in a transaction dated 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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Analyst Recommendations for Tullow Oil (LON:TLW)

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