TLW has been the topic of a number of other reports. Morgan Stanley upped their price target on Tullow Oil from GBX 325 ($4.25) to GBX 355 ($4.64) and gave the stock an overweight rating in a research note on Monday, October 8th. Canaccord Genuity raised Tullow Oil to a buy rating and upped their price target for the stock from GBX 250 ($3.27) to GBX 270 ($3.53) in a research note on Monday, September 17th. Jefferies Financial Group dropped their price target on Tullow Oil from GBX 254 ($3.32) to GBX 250 ($3.27) and set a hold rating on the stock in a research note on Wednesday, July 4th. Numis Securities reaffirmed a hold rating on shares of Tullow Oil in a research note on Wednesday, July 18th. Finally, Citigroup upped their price target on Tullow Oil from GBX 200 ($2.61) to GBX 225 ($2.94) and gave the stock a neutral rating in a research note on Thursday, July 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 266.05 ($3.48).
Shares of Tullow Oil stock opened at GBX 243.20 ($3.18) on Wednesday. Tullow Oil has a one year low of GBX 142.30 ($1.86) and a one year high of GBX 243 ($3.18).
In related news, insider Les Wood sold 53,711 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of GBX 234 ($3.06), for a total transaction of £125,683.74 ($164,228.07).
About Tullow Oil
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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