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

Credit Suisse Group reissued their outperform rating on shares of Tullow Oil (LON:TLW) in a research report released on Monday morning. The firm currently has a GBX 240 ($3.25) price objective on the stock.

A number of other brokerages have also recently issued reports on TLW. Citigroup reissued a neutral rating and issued a GBX 200 ($2.71) target price on shares of Tullow Oil in a research report on Monday, October 16th. Macquarie reissued an outperform rating and issued a GBX 245 ($3.32) target price on shares of Tullow Oil in a research report on Tuesday, September 12th. Jefferies Group cut Tullow Oil to an underperform rating and set a GBX 155 ($2.10) target price for the company. in a research report on Wednesday, October 4th. Stifel Nicolaus raised Tullow Oil to a hold rating and set a GBX 180 ($2.44) target price for the company in a research report on Sunday, September 24th. Finally, Barclays reissued an overweight rating on shares of Tullow Oil in a research report on Monday, September 25th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 223.27 ($3.03).

Tullow Oil (LON TLW) opened at GBX 228.23 ($3.10) on Monday. Tullow Oil has a 1-year low of GBX 142.30 ($1.93) and a 1-year high of GBX 281.63 ($3.82). The company has a market capitalization of $3,190.00 and a PE ratio of -368.11.

In other Tullow Oil news, insider Aidan Heavey sold 197,059 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of GBX 192 ($2.60), for a total transaction of £378,353.28 ($513,090.97).

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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.

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