Tullow Oil plc (LON:TLW) insider Angus McCoss sold 32,198 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of GBX 190 ($2.63), for a total transaction of £61,176.20 ($84,520.86).
Tullow Oil plc (LON:TLW) traded down GBX 6.35 ($0.09) on Wednesday, reaching GBX 180 ($2.49). The company’s stock had a trading volume of 7,794,466 shares, compared to its average volume of 9,490,000. Tullow Oil plc has a 52 week low of GBX 142.30 ($1.97) and a 52 week high of GBX 243 ($3.36). The stock has a market capitalization of $2,490.00 and a price-to-earnings ratio of -1,500.00.
TLW has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating on shares of Tullow Oil in a research note on Wednesday, November 15th. Whitman Howard restated a “buy” rating on shares of Tullow Oil in a research note on Friday, November 17th. Credit Suisse Group restated an “outperform” rating and set a GBX 240 ($3.32) target price on shares of Tullow Oil in a research note on Thursday, December 7th. Jefferies Group upgraded shares of Tullow Oil to a “hold” rating and increased their price objective for the stock from GBX 175 ($2.42) to GBX 180 ($2.49) in a research note on Wednesday, December 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Tullow Oil from GBX 245 ($3.38) to GBX 255 ($3.52) and gave the stock an “overweight” rating in a report on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 225.31 ($3.11).
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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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