Tullow Oil (LON:TLW) Rating Reiterated by Credit Suisse Group

The firm now has a GBX 345 ($4.20) price target on the stock.

Credit Suisse Group reaffirmed their outperform rating on shares of Tullow Oil (LON:TLW) in a report published on Monday, January 8th. Royal Bank of Canada upgraded shares of Tullow Oil from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, September 26th.

A number of other equities analysts also recently commented on the stock. Citigroup restated a "neutral" rating and set a GBX 200 ($2.71) price target on shares of Tullow Oil in a report on Monday, October 16th. Jefferies Group raised shares of Tullow Oil to a hold rating and boosted their price target for the company from GBX 175 ($2.37) to GBX 180 ($2.44) in a report on Wednesday, December 20th. Stifel Nicolaus raised shares of Tullow Oil to a hold rating and set a GBX 180 ($2.44) price target on the stock in a research note on Sunday, September 24th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. The company has an average rating of "Buy" and a consensus target price of GBX 223.27 ($3.03).

Shares of Tullow Oil (TLW) opened at GBX 222.60 ($3.02) on Thursday. Tullow Oil plc has a 12 month low of GBX 116.26 and a 12 month high of GBX 352.10. The firm has a market cap of $3,060.00 and a P/E ratio of -364.92.

In other Tullow Oil plc news, insider Paul McDade purchased 178 shares of the firm's stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of GBX 192 ($2.60), for a total value of £378,353.28 ($513,090.97). If you are accessing this report on another publication, it was copied illegally and republished in violation of US & global copyright and trademark law. If you are viewing this story on another website, it was illegally copied and reposted in violation of worldwide trademark and copyright legislation. The original version of this report can be read at https://weekherald.com/2018/01/18/tullow-oil-tlw-price-target-increased-to-gbx-255-by-analysts-at-jpmorgan-chase-co.html.

Tullow Oil plc is an independent oil and gas exploration and production company. The Company focuses on finding and monetizing oil in Africa and the Atlantic Margins. It has a portfolio of approximately 120 licenses across over 20 countries, which are managed under West Africa Business, East Africa Business and New Ventures Business.

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