Tullow Oil Stock Rating Reaffirmed by Societe Generale (TLW)

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Tullow Oil (LON:TLW)‘s stock had its “hold” rating restated by investment analysts at Societe Generale in a note issued to investors on Monday, American Banking & Market News reports. They currently have a GBX 960 ($15.78) target price on the stock. Societe Generale’s target price would suggest a potential upside of 21.44% from the company’s current price.

Shares of Tullow Oil (LON:TLW) traded down 0.06% on Monday, hitting GBX 790.00. 696,470 shares of the company’s stock traded hands. Tullow Oil has a 52-week low of GBX 808.50 and a 52-week high of GBX 1270.00. The stock’s 50-day moving average is GBX 464.8 and its 200-day moving average is GBX 714.2. The company’s market cap is £7.172 billion.

Several other analysts have also recently commented on the stock. Analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Tullow Oil in a research note to investors on Wednesday, January 29th. They now have a GBX 1,285 ($21.12) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Tullow Oil in a research note to investors on Monday, January 27th. They now have a GBX 1,367 ($22.47) price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Tullow Oil from GBX 1,510 ($24.82) to GBX 1,175 ($19.31) in a research note to investors on Friday, January 24th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. Tullow Oil presently has a consensus rating of “Buy” and a consensus target price of GBX 1,183.57 ($19.45).

Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.

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