Tullow Oil plc (TLW) Average valuation of "Hold" given by analysts



Tullow Oil plc (LON: TLW) has received a consensus rating of "Hold" from the fifteen brokers that currently cover the stock, Marketbeat.com reports. Eight equity research analysts assessed the shares with a waiting proposal and seven gave a purchase recommendation to the company. The average target of 12 months among brokers who updated their coverage on the shares in the past year is GBX 251.05 ($ 3.24).

A number of equity analysts have commented on TLW shares. Barclays increased the shares of Tullow Oil to an "overweight" rating and raised its price target for the shares from GBX 190 ($ 2.45) to GBX 285 ($ 3.68) in a report on Thursday, July 5. Jefferies Financial Group lowered its price target on Tullow Oil shares from GBX 254 ($ 3.28) to GBX 250 ($ 3.22) and placed a & # 39; hold rating for the company on Wednesday, July 4 a report. BNP Paribas increased their price target on Tullow Oil shares from GBX 250 ($ 3.22) to GBX 350 ($ 4.51) and gave the company an "outperform" rating in a report on Wednesday, May 23. Numis Securities reissued a "hold" rating on Tullow Oil shares in a report on Wednesday, July 18th. Finally, the Goldman Sachs Group raised Tullow Oil's stock to a "buy" rating and set a price target of GBX $ 260.60 ($ 3.36) for the company on Thursday, May 17.

Tullow Oil shares fell by Friday with GBX 0.70 ($ 0.01) during mid-day trading and reached GBX 232.90 ($ 3.00). The company's shares had a trading volume of 8,756,753 shares, compared to the average volume of 9,450,000. Tullow Oil has a 12 month low of GBX 142.30 ($ 1.84) and a twelve month high of GBX 243 ($ 3.13).

Tullow Oil Company Profile

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

Read more: Return on Investment (ROI) Defined, Explained

Recommendations for analysts for Tullow Oil (LON: TLW)

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