Tullow Oil (TLW) Upgraded by Jefferies Group to “Hold”

Jefferies Group upgraded shares of Tullow Oil (LON:TLW) to a hold rating in a research note issued to investors on Wednesday. They currently have GBX 180 ($2.42) target price on the stock, up from their previous target price of GBX 175 ($2.36).

Several other research analysts also recently weighed in on TLW. Barclays reissued an overweight rating and issued a GBX 210 ($2.83) target price on shares of Tullow Oil in a research note on Friday, December 15th. Royal Bank of Canada raised shares of Tullow Oil to an outperform rating and boosted their target price for the company from GBX 200 ($2.69) to GBX 260 ($3.50) in a research note on Tuesday, September 26th. Credit Suisse Group raised shares of Tullow Oil to an outperform rating and upped their price objective for the company from GBX 205 ($2.76) to GBX 210 ($2.83) in a research note on Tuesday, September 19th. Stifel Nicolaus raised shares of Tullow Oil to a hold rating and set a GBX 180 ($2.42) price objective for the company in a research note on Sunday, September 24th. Finally, Citigroup reaffirmed a neutral rating and set a GBX 200 ($2.69) price objective on shares of Tullow Oil in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 229.48 ($3.09).

Tullow Oil (TLW) opened at GBX 200.20 ($2.69) on Wednesday. Tullow Oil has a one year low of GBX 142.30 ($1.92) and a one year high of GBX 299.86 ($4.04). The firm has a market cap of $2,770.00 and a PE ratio of -317.78.

In related news, insider Les Wood purchased 299 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was purchased at an average price of GBX 151 ($2.03) per share, for a total transaction of £451.49 ($607.66). Also, insider Aidan Heavey sold 197,059 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of GBX 192 ($2.58), for a total value of £378,353.28 ($509,223.80).

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Tullow Oil 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.

Analyst Recommendations for Tullow Oil (LON:TLW)

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