Tullow Oil plc (TLW) Earns “Outperform” Rating from Credit Suisse Group

Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse Group in a research note issued to investors on Friday. They currently have a GBX 205 ($2.71) target price on the stock.

Several other research analysts have also recently issued reports on TLW. Deutsche Bank AG reduced their target price on shares of Tullow Oil plc from GBX 260 ($3.43) to GBX 200 ($2.64) and set a “buy” rating for the company in a report on Thursday, July 6th. Numis Securities Ltd raised shares of Tullow Oil plc to a “buy” rating and set a GBX 210 ($2.77) target price for the company in a report on Thursday, July 13th. Barclays PLC reissued an “overweight” rating and set a GBX 210 ($2.77) target price on shares of Tullow Oil plc in a report on Friday, July 21st. Macquarie reissued an “outperform” rating and set a GBX 245 ($3.23) target price on shares of Tullow Oil plc in a report on Thursday, July 27th. Finally, Jefferies Group LLC cut shares of Tullow Oil plc to a “hold” rating and reduced their target price for the stock from GBX 250 ($3.30) to GBX 155 ($2.05) in a report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 225.31 ($2.97).

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In other news, insider Les Wood bought 299 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were bought at an average cost of GBX 151 ($1.99) per share, for a total transaction of £451.49 ($595.79).

Tullow Oil plc Company Profile

Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.

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