Tullow Oil plc (TLW) Given Average Recommendation of “Buy” by Analysts

Tullow Oil plc (LON:TLW) has received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 262.76 ($3.43).

Several equities analysts have recently commented on TLW shares. Canaccord Genuity raised shares of Tullow Oil to a “buy” rating and increased their price target for the stock from GBX 250 ($3.27) to GBX 270 ($3.53) in a research report on Monday, September 17th. Jefferies Financial Group raised shares of Tullow Oil to a “buy” rating and set a GBX 290 ($3.79) price target on the stock in a research report on Monday, October 22nd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 240 ($3.14) price target on shares of Tullow Oil in a research report on Monday, November 19th. UBS Group reaffirmed a “neutral” rating on shares of Tullow Oil in a research report on Friday, November 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Tullow Oil from GBX 278 ($3.63) to GBX 292 ($3.82) and gave the stock an “overweight” rating in a research report on Tuesday, November 20th.

LON:TLW traded up GBX 13.10 ($0.17) on Monday, reaching GBX 189.60 ($2.48). The stock had a trading volume of 11,762,148 shares, compared to its average volume of 9,450,000. Tullow Oil has a 12-month low of GBX 142.30 ($1.86) and a 12-month high of GBX 243 ($3.18).

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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