Tullow Oil (LON:TLW) Stock Rating Upgraded by Royal Bank of Canada

Tullow Oil (LON:TLW) was upgraded by investment analysts at Royal Bank of Canada to a “sector performer” rating in a report issued on Tuesday, May 1st. The brokerage presently has a GBX 230 ($3.12) price target on the stock. Royal Bank of Canada’s price target points to a potential downside of 16.67% from the company’s previous close.

TLW has been the topic of a number of other reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 240 ($3.26) price target on shares of Tullow Oil in a research note on Monday, January 8th. Deutsche Bank cut their price objective on shares of Tullow Oil from GBX 235 ($3.19) to GBX 210 ($2.85) and set a “hold” rating for the company in a report on Tuesday, March 6th. Barclays restated an “overweight” rating and set a GBX 210 ($2.85) price target on shares of Tullow Oil in a report on Wednesday, January 31st. BNP Paribas restated an “outperform” rating and set a GBX 260 ($3.53) price target on shares of Tullow Oil in a report on Friday, February 2nd. Finally, Numis Securities raised their price target on shares of Tullow Oil from GBX 185 ($2.51) to GBX 215 ($2.92) and gave the stock a “hold” rating in a report on Monday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 221.20 ($3.00).

Shares of TLW stock traded up GBX 6.20 ($0.08) during mid-day trading on Tuesday, hitting GBX 276 ($3.74). 11,134,548 shares of the stock were exchanged, compared to its average volume of 9,450,000. Tullow Oil has a 52-week low of GBX 142.30 ($1.93) and a 52-week high of GBX 243 ($3.30).

In related news, 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 ($2.58), for a total value of £61,176.20 ($82,984.54).

Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

Analyst Recommendations for Tullow Oil (LON:TLW)

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