Citigroup Inc. restated their buy rating on shares of Tullow Oil plc (LON:TLW) in a report issued on Wednesday, Analyst Ratings Net reports. They currently have a GBX 350 ($5.47) target price on the stock.
Tullow Oil plc (LON:TLW) opened at 243.30 on Wednesday. Tullow Oil plc has a 52-week low of GBX 220.80 and a 52-week high of GBX 739.50. The company’s 50-day moving average price is GBX 300.06 and its 200 day moving average price is GBX 355.67. The firm’s market capitalization is GBX 2.21 billion.
In related news, insider McDade,Paul purchased 316 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was acquired at an average cost of GBX 284 ($4.44) per share, for a total transaction of £897.44 ($1,401.81).
Other analysts also recently issued research reports about the company. Goldman Sachs reduced their price objective on Tullow Oil plc from GBX 368 ($5.75) to GBX 354 ($5.53) and set a conviction-buy rating for the company in a research report on Thursday, July 30th. BNP Paribas reissued an outperform rating and issued a GBX 457 ($7.14) target price on shares of Tullow Oil plc in a report on Thursday, July 30th. Credit Suisse reaffirmed an outperform rating and set a GBX 440 ($6.87) price target on shares of Tullow Oil plc in a report on Thursday, July 30th. BMO Capital Markets reissued a market perform rating and issued a GBX 440 ($6.87) target price on shares of Tullow Oil plc in a research note on Thursday, July 30th. Finally, RBC Capital restated a sector perform rating and issued a GBX 480 ($7.50) price target on shares of Tullow Oil plc in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 434.05 ($6.78).
Tullow Oil plc is an independent gas and oil exploration and production firm. The Firm is engaged in the exploration, development, production and sale of hydrocarbons. The Business is concentrated on finding and monetizing oil in the Atlantic Margins and Africa. The Company has interests in over 130 exploration and production licenses across 22 countries that are managed as three regional business units: North & West Africa, East & South Africa and Europe, South America and Asia. The Company has produced an average of 100,000 barrels of oil per day in 2014 The Company has a portfolio of development assets in Kenya, Ghana and Uganda.
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