Tullow Oil plc (TLW) Receives “Outperform” Rating from Macquarie

Macquarie reissued their outperform rating on shares of Tullow Oil plc (LON:TLW) in a research report sent to investors on Tuesday morning. The brokerage currently has a GBX 245 ($3.16) price objective on the stock.

Several other brokerages also recently weighed in on TLW. Barclays PLC reiterated an overweight rating and issued a GBX 220 ($2.84) price objective on shares of Tullow Oil plc in a research report on Wednesday, June 7th. Canaccord Genuity lowered their price objective on Tullow Oil plc from GBX 200 ($2.58) to GBX 160 ($2.07) and set a hold rating for the company in a research report on Thursday, June 29th. Deutsche Bank AG lowered their price objective on Tullow Oil plc from GBX 260 ($3.36) to GBX 200 ($2.58) and set a buy rating for the company in a research report on Thursday, July 6th. Royal Bank Of Canada lowered their price objective on Tullow Oil plc from GBX 275 ($3.55) to GBX 200 ($2.58) and set a sector performer rating for the company in a research report on Friday, June 23rd. Finally, Jefferies Group LLC lowered their price objective on Tullow Oil plc from GBX 270 ($3.49) to GBX 250 ($3.23) and set a buy rating for the company in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Tullow Oil plc currently has an average rating of Hold and an average price target of GBX 226.80 ($2.93).

Shares of Tullow Oil plc (TLW) opened at 154.70 on Tuesday. The firm’s market cap is GBX 1.90 billion. Tullow Oil plc has a 52-week low of GBX 142.30 and a 52-week high of GBX 299.86. The firm’s 50-day moving average is GBX 162.70 and its 200-day moving average is GBX 182.43.

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In other Tullow Oil plc news, insider Paul McDade bought 281 shares of Tullow Oil plc stock in a transaction dated Wednesday, July 5th. The shares were purchased at an average cost of GBX 160 ($2.07) per share, with a total value of £449.60 ($580.65).

About Tullow Oil plc

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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