Tullow Oil PLC (LON:TLW) Has Just Had Its Target Cut by Equity Analysts at UBS to GBX 240.00

July 27, 2018 - By Richard Slagle

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Analysis: Tullow Oil PLC (LON:TLW) Price Target Change Today

In a note issued by UBS on Friday, 27 July, the firm, Tullow Oil PLC (LON:TLW), had their target price lowered to GBX 240.00. Analusts currently have a solid “Neutral” rating on the stock.

Tullow Oil plc (LON:TLW) Ratings Coverage

Among 12 analysts covering Tullow Oil PLC (LON:TLW), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Tullow Oil PLC has GBX 350 highest and GBX 190 lowest target. GBX 250.30’s average target is 11.49% above currents GBX 224.5 stock price. Tullow Oil PLC had 23 analyst reports since January 31, 2018 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Wednesday, July 4. BNP Paribas maintained it with “Outperform” rating and GBX 350 target in Wednesday, May 23 report. As per Thursday, July 5, the company rating was upgraded by Barclays Capital. The stock of Tullow Oil plc (LON:TLW) has “Overweight” rating given on Thursday, July 12 by JP Morgan. Jefferies maintained it with “Hold” rating and GBX 254 target in Tuesday, June 12 report. The firm has “Hold” rating given on Wednesday, July 18 by Numis Securities. The firm has “Neutral” rating given on Thursday, July 26 by Citigroup. The company was maintained on Tuesday, February 27 by Credit Suisse. The rating was maintained by BNP Paribas on Thursday, April 5 with “Outperform”. Barclays Capital downgraded Tullow Oil plc (LON:TLW) on Thursday, February 15 to “Equal Weight” rating.

The stock increased 0.76% or GBX 1.7 during the last trading session, reaching GBX 224.5. About 2.38M shares traded. Tullow Oil plc (LON:TLW) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. The company has market cap of 3.12 billion GBP. The firm operates through West Africa, East Africa, and New Ventures divisions. It currently has negative earnings. The Company’s portfolio comprises approximately 100 licenses covering 253,034 square kilometers in 18 countries.

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