Barclays Trims Tullow Oil (LON:TLW) Target Price to GBX 200

Tullow Oil (LON:TLW) had its price objective reduced by Barclays from GBX 270 ($3.53) to GBX 200 ($2.61) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have an overweight rating on the stock.

Several other brokerages have also issued reports on TLW. Berenberg Bank reduced their price objective on shares of Tullow Oil from GBX 260 ($3.40) to GBX 230 ($3.01) and set a buy rating on the stock in a report on Thursday. Peel Hunt restated a buy rating and issued a GBX 250 ($3.27) price objective on shares of Tullow Oil in a report on Monday, September 16th. Peel Hunt restated a buy rating on shares of Tullow Oil in a report on Wednesday. Royal Bank of Canada restated an outperform rating on shares of Tullow Oil in a report on Thursday, September 12th. Finally, Canaccord Genuity upgraded shares of Tullow Oil to a buy rating and boosted their price objective for the company from GBX 260 ($3.40) to GBX 280 ($3.66) in a report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Tullow Oil has an average rating of Buy and an average price target of GBX 240.43 ($3.14).

Shares of LON TLW traded up GBX 0.85 ($0.01) during trading on Thursday, hitting GBX 148.10 ($1.94). 23,004,135 shares of the company were exchanged, compared to its average volume of 9,450,000. Tullow Oil has a 12-month low of GBX 144.80 ($1.89) and a 12-month high of GBX 254.60 ($3.33). The company has a debt-to-equity ratio of 170.48, a quick ratio of 0.85 and a current ratio of 1.70. The company has a fifty day moving average price of GBX 205.14 and a 200-day moving average price of GBX 208.33. The firm has a market capitalization of $2.08 billion and a PE ratio of 15.92.

Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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