Canaccord Genuity Group Increases Tullow Oil (LON:TLW) Price Target to GBX 15

Tullow Oil (LON:TLW) had its target price raised by research analysts at Canaccord Genuity Group from GBX 14 to GBX 15 in a report released on Friday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 2.32% from the stock’s current price.

A number of other equities analysts have also commented on TLW. Shore Capital Group reaffirmed a “hold” rating on shares of Tullow Oil in a report on Tuesday, April 28th. Peel Hunt reiterated a “buy” rating and set a GBX 24 price objective on shares of Tullow Oil in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 12.60.

Tullow Oil Stock Up 1.0%

Tullow Oil stock opened at GBX 14.66 on Friday. Tullow Oil has a 1-year low of GBX 3.51 and a 1-year high of GBX 19.50. The firm has a market capitalization of £222.10 million, a price-to-earnings ratio of 36.65, a P/E/G ratio of -0.19 and a beta of 0.47. The company has a current ratio of 0.52, a quick ratio of 0.63 and a debt-to-equity ratio of -892.65. The firm has a 50 day simple moving average of GBX 13.62 and a 200 day simple moving average of GBX 12.88.

Insider Buying and Selling

In other news, insider Richard Miller bought 115,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of GBX 17 per share, with a total value of £19,550. Also, insider Garrett Soden bought 426,000 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average price of GBX 15 per share, for a total transaction of £63,900. Corporate insiders own 3.00% of the company’s stock.

Tullow Oil Company Profile

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.