Shares of Tullow Oil plc (LON:TLW – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 30.64 ($0.38) and traded as high as GBX 36.44 ($0.45). Tullow Oil shares last traded at GBX 34.94 ($0.43), with a volume of 3,797,568 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Peel Hunt reissued a “buy” rating and set a GBX 80 ($0.99) target price on shares of Tullow Oil in a report on Tuesday, May 23rd. Barclays reiterated an “overweight” rating and set a GBX 49 ($0.61) price target on shares of Tullow Oil in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 52.80 ($0.65).
Tullow Oil Price Performance
Insider Transactions at Tullow Oil
In other Tullow Oil news, insider Phuthuma F. Nhleko purchased 142,500 shares of the stock in a transaction dated Friday, June 23rd. The shares were acquired at an average price of GBX 28 ($0.35) per share, for a total transaction of £39,900 ($49,424.01). Company insiders own 21.96% of the company’s stock.
Tullow Oil Company Profile
Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Tullow Oil plc was founded in 1985 and is headquartered in London, the United Kingdom.
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