Tullow Oil (TLW) Price Target Raised to GBX 292

Tullow Oil (LON:TLW) had its target price boosted by JPMorgan Chase & Co. from GBX 278 ($3.63) to GBX 292 ($3.82) in a research report released on Tuesday. They currently have an overweight rating on the stock.

Several other research firms have also recently weighed in on TLW. Berenberg Bank initiated coverage on shares of Tullow Oil in a research report on Thursday, November 1st. They issued a hold rating and a GBX 240 ($3.14) price objective for the company. Canaccord Genuity dropped their price objective on shares of Tullow Oil from GBX 260 ($3.40) to GBX 250 ($3.27) and set a hold rating for the company in a research report on Friday, July 27th. Barclays restated an overweight rating and issued a GBX 315 ($4.12) price objective (up previously from GBX 285 ($3.72)) on shares of Tullow Oil in a research report on Tuesday, September 25th. Jefferies Financial Group upgraded shares of Tullow Oil to a buy rating and set a GBX 290 ($3.79) price objective for the company in a research report on Monday, October 22nd. Finally, Morgan Stanley boosted their price objective on shares of Tullow Oil from GBX 325 ($4.25) to GBX 355 ($4.64) and gave the stock an overweight rating in a research report on Monday, October 8th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 265.19 ($3.47).

TLW stock opened at GBX 184 ($2.40) on Tuesday. Tullow Oil has a fifty-two week low of GBX 142.30 ($1.86) and a fifty-two week high of GBX 243 ($3.18).

In other Tullow Oil news, insider Les Wood sold 53,711 shares of the company’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of GBX 234 ($3.06), for a total transaction of £125,683.74 ($164,228.07).

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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