Tullow Oil (LON: TLW) was upgraded by research analysts at Jefferies Financial Group to a "buy" rating in a report released on Monday, October 22. Brokers currently have a target price of GBX 290 ($ 3.79) in shares. Target prices for Jefferies Financial Group will show a potential increase of 33.64% of the current share price.
TLW has been the topic of a number of other reports. Canaccord Genuity increases the share of Tullow Oil to a "buy" rating and raises their price target for shares of GBX 250 ($ 3.27) to GBX 270 ($ 3.53) in the research report on Monday, September 17. JPMorgan Chase & Co. raising their target price on Tullow Oil from GBX 255 ($ 3.33) to GBX 278 ($ 3.63) and giving the stock a rating of "overweight" in a report on Thursday, July 12. Morgan Stanley reiterated the "overweight" rating on Tullow Oil shares in a report on Thursday, October 18. Barclays reiterated its "overweight" rating on Tullow Oil shares in a report on Wednesday, October 10. Finally, Citigroup raised their price target on Tullow Oil shares from GBX 200 ($ 2.61) to GBX 225 ($ 2.94) and gave the rating company "neutral" in a report on Thursday, July 26. Six equity research analysts have rated the stock with a hold rating and nine have issued buy ratings to the company's shares. Tullow Oil currently has a "Buy" consensus rating and an average price target of GBX 267.04 ($ 3.49).
TLW shares traded down GBX1 ($ 0.01) during midday trading on Monday, reaching GBX 217 ($ 2.84). 4,046,247 shares of the company are exchanged, compared to an average volume of 9,450,000. Tullow Oil has a 12-month low of GBX 142.30 ($ 1.86) and a 12-month high of GBX 243 ($ 3.18).
In related news, people in Les Wood sold 53,711 shares of business shares in a transaction that occurred on Thursday, August 30. Shares are sold at an average price of GBX 234 ($ 3.06), for a total transaction of £ 125,683.74 ($ 164,228.07).
About Tullow Oil
Tullow Oil plc is involved in oil, gas exploration, development and production activities. The portfolio consists of around 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and headquartered in London, England.
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