Tullow Oil plc (TLW) Stock Rating Reaffirmed by GMP Securities

Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating restated by investment analysts at GMP Securities in a research report issued on Friday.

Several other equities research analysts have also recently issued reports on TLW. Citigroup Inc reaffirmed a “neutral” rating on shares of Tullow Oil plc in a report on Tuesday, January 10th. Numis Securities Ltd reduced their target price on Tullow Oil plc from GBX 260 ($3.21) to GBX 250 ($3.09) and set a “sell” rating on the stock in a report on Tuesday, January 10th. AlphaValue reaffirmed a “reduce” rating and issued a GBX 318 ($3.93) target price on shares of Tullow Oil plc in a report on Wednesday, January 11th. Canaccord Genuity raised Tullow Oil plc to a “hold” rating and lifted their target price for the stock from GBX 265 ($3.27) to GBX 275 ($3.40) in a report on Tuesday, February 21st. Finally, Liberum Capital reaffirmed a “sell” rating on shares of Tullow Oil plc in a report on Tuesday, January 10th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 260.64 ($3.22).

Analyst Recommendations for Tullow Oil plc (LON:TLW)

Shares of Tullow Oil plc (LON:TLW) opened at 197.50 on Friday. The firm has a 50-day moving average price of GBX 267.46 and a 200 day moving average price of GBX 275.22. The stock’s market cap is GBX 1.80 billion. Tullow Oil plc has a 12-month low of GBX 181.10 and a 12-month high of GBX 352.10.

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In other Tullow Oil plc news, insider Paul McDade bought 178 shares of the company’s stock in a transaction on Thursday, January 5th. The stock was acquired at an average price of GBX 253 ($3.12) per share, for a total transaction of £450.34 ($556.18).

About Tullow Oil plc

Tullow Oil plc is an independent oil and gas exploration and production company. The Company is focused on finding and monetizing oil in Africa and the Atlantic Margins. Its activities include targeted exploration and appraisal, selective development projects and growing its West Africa oil production.

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