Todays Report: The Tullow Oil plc (TLW) Upgraded by Morgan Stanley to “Overweight”

The Tullow Oil plc (TLW) Upgraded by Morgan Stanley to “Overweight”

Tullow Oil plc (LON:TLW) was upgraded by equities research analysts at Morgan Stanley to an “overweight” rating in a report released on Thursday.

A number of other research analysts have also weighed in on TLW. Liberum Capital restated a “sell” rating and issued a GBX 178 ($2.20) target price on shares of Tullow Oil plc in a report on Wednesday, July 27th. Canaccord Genuity decreased their price target on Tullow Oil plc from GBX 235 ($2.91) to GBX 210 ($2.60) and set a “hold” rating for the company in a research report on Thursday, July 7th. Credit Suisse Group AG increased their price target on Tullow Oil plc from GBX 330 ($4.08) to GBX 370 ($4.58) and gave the company an “outperform” rating in a research report on Friday, July 1st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 320 ($3.96) price target on shares of Tullow Oil plc in a research report on Friday, July 29th. Finally, Beaufort Securities reaffirmed a “speculative buy” rating on shares of Tullow Oil plc in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Tullow Oil plc presently has an average rating of “Hold” and an average target price of GBX 260.50 ($3.22).

Tullow Oil plc (LON:TLW) opened at 268.71 on Thursday. Tullow Oil plc has a 12-month low of GBX 116.26 and a 12-month high of GBX 292.20. The firm’s market capitalization is GBX 2.45 billion. The company’s 50 day moving average price is GBX 235.20 and its 200-day moving average price is GBX 231.37.

In other news, insider Angus McCoss bought 173 shares of Tullow Oil plc stock in a transaction on Monday, October 3rd. The shares were purchased at an average price of GBX 260 ($3.22) per share, for a total transaction of £449.80 ($556.68). Also, insider Heavey,Aidan sold 222,698 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of GBX 227 ($2.81), for a total value of £505,524.46 ($625,649.08).

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