Tullow Oil (TLW) Upgraded to “Buy” at Canaccord Genuity
Canaccord Genuity upgraded shares of Tullow Oil (LON:TLW) to a buy rating in a research note published on Monday morning. Canaccord Genuity currently has GBX 270 ($3.52) price target on the stock, up from their prior price target of GBX 250 ($3.26).
Other research analysts have also recently issued reports about the company. Jefferies Financial Group cut their price objective on Tullow Oil from GBX 254 ($3.31) to GBX 250 ($3.26) and set a hold rating for the company in a report on Wednesday, July 4th. Numis Securities reissued a hold rating on shares of Tullow Oil in a report on Wednesday, July 18th. UBS Group reissued a neutral rating and set a GBX 240 ($3.13) price objective (down from GBX 250 ($3.26)) on shares of Tullow Oil in a report on Friday, July 27th. Citigroup lifted their price objective on Tullow Oil from GBX 200 ($2.61) to GBX 225 ($2.93) and gave the company a neutral rating in a report on Thursday, July 26th. Finally, BNP Paribas lifted their price objective on Tullow Oil from GBX 250 ($3.26) to GBX 350 ($4.56) and gave the company an outperform rating in a report on Wednesday, May 23rd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 250.28 ($3.26).
Shares of LON TLW opened at GBX 233.20 ($3.04) on Monday. Tullow Oil has a 52-week low of GBX 142.30 ($1.85) and a 52-week high of GBX 243 ($3.17).
Tullow Oil Company Profile
Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
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