Tullow Oil plc (LON:TLW) Given Consensus Rating of “Buy” by Brokerages

Tullow Oil plc (LON:TLWGet Rating) has earned an average rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 72.11 ($0.94).

Several equities research analysts have recently commented on the company. Barclays boosted their price target on Tullow Oil from GBX 85 ($1.11) to GBX 87 ($1.13) and gave the stock an “overweight” rating in a research note on Wednesday, April 6th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 70 ($0.91) target price on shares of Tullow Oil in a research note on Tuesday, March 15th. JPMorgan Chase & Co. cut their price target on Tullow Oil from GBX 77 ($1.00) to GBX 74 ($0.96) and set an “overweight” rating for the company in a report on Thursday, March 10th. Royal Bank of Canada cut their price target on Tullow Oil from GBX 90 ($1.17) to GBX 80 ($1.04) and set a “sector perform” rating for the company in a report on Friday, January 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a GBX 63 ($0.82) price target on shares of Tullow Oil in a report on Monday, April 11th.

Shares of LON:TLW opened at GBX 58.70 ($0.76) on Monday. The business’s 50 day simple moving average is GBX 53.14 and its 200-day simple moving average is GBX 50.13. The firm has a market capitalization of £842.65 million and a price-to-earnings ratio of -13.34. The company has a debt-to-equity ratio of 457.18, a current ratio of 1.06 and a quick ratio of 0.91. Tullow Oil has a 12 month low of GBX 39.88 ($0.52) and a 12 month high of GBX 66.22 ($0.86).

In other news, insider Martin F. Greenslade acquired 60,000 shares of Tullow Oil stock in a transaction dated Thursday, March 10th. The shares were acquired at an average cost of GBX 52 ($0.68) per share, with a total value of £31,200 ($40,656.76).

About Tullow Oil (Get Rating)

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2021, its portfolio comprised 30 licenses in 8 countries with 30 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.

Further Reading

Analyst Recommendations for Tullow Oil (LON:TLW)

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