Tullow Oil plc (LON:TLW) had its target price increased by investment analysts at Barclays PLC from GBX 310 ($4.05) to GBX 340 ($4.44) in a research report issued on Thursday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s target price points to a potential upside of 29.87% from the company’s current price.
Other analysts also recently issued research reports about the company. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 270 ($3.52) price objective on shares of Tullow Oil plc in a research note on Thursday, July 7th. Numis Securities Ltd upgraded Tullow Oil plc to a “reduce” rating and set a GBX 190 ($2.48) target price for the company in a report on Monday, July 25th. Liberum Capital reiterated a “sell” rating and set a GBX 178 ($2.32) target price on shares of Tullow Oil plc in a report on Wednesday, July 27th. JPMorgan Chase & Co. lowered their target price on Tullow Oil plc from GBX 290 ($3.79) to GBX 270 ($3.52) and set an “overweight” rating for the company in a report on Thursday, July 28th. Finally, Panmure Gordon lowered their target price on Tullow Oil plc from GBX 210 ($2.74) to GBX 180 ($2.35) and set a “sell” rating for the company in a report on Thursday, July 28th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 260.50 ($3.40).
Tullow Oil plc (LON:TLW) opened at 267.82 on Thursday. The firm has a 50-day moving average price of GBX 229.89 and a 200-day moving average price of GBX 229.42. The stock’s market cap is GBX 2.44 billion. Tullow Oil plc has a 52 week low of GBX 116.26 and a 52 week high of GBX 290.40.
In other Tullow Oil plc news, insider Heavey,Aidan sold 222,698 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of GBX 227 ($2.96), for a total transaction of £505,524.46 ($659,867.46). Also, insider Angus McCoss acquired 173 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were bought at an average price of GBX 260 ($3.39) per share, with a total value of £449.80 ($587.13).