Tullow Oil (LON:TLW) Price Target Raised to GBX 75 at Canaccord Genuity Group

Tullow Oil (LON:TLW) had its price target hoisted by Canaccord Genuity Group from GBX 70 ($0.95) to GBX 75 ($1.02) in a research note issued to investors on Tuesday, Analyst Ratings Network reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Several other equities research analysts have also recently weighed in on TLW. Peel Hunt reissued a hold rating and set a GBX 65 ($0.88) price target on shares of Tullow Oil in a research report on Thursday, November 11th. increased their price target on shares of Tullow Oil from GBX 65 ($0.88) to GBX 70 ($0.95) and gave the company a speculative buy rating in a research report on Friday, November 19th. Peel Hunt reissued a hold rating and set a GBX 65 ($0.88) price target on shares of Tullow Oil in a research report on Thursday, November 11th. Barclays reaffirmed an equal weight rating and issued a GBX 60 ($0.81) target price on shares of Tullow Oil in a research report on Wednesday, November 17th. Finally, JPMorgan Chase & Co. raised shares of Tullow Oil to an overweight rating and raised their target price for the stock from GBX 62 ($0.84) to GBX 79 ($1.07) in a research report on Friday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Tullow Oil currently has a consensus rating of Hold and a consensus target price of GBX 61.50 ($0.83).

TLW stock opened at GBX 53.96 ($0.73) on Tuesday. The company has a debt-to-equity ratio of 457.18, a quick ratio of 0.37 and a current ratio of 1.09. Tullow Oil has a 52 week low of GBX 22.61 ($0.31) and a 52 week high of GBX 66.22 ($0.90). The firm’s fifty day moving average is GBX 45.79 and its 200 day moving average is GBX 48. The firm has a market cap of £772.54 million and a P/E ratio of 5.34.

In other Tullow Oil news, insider Sheila Khama purchased 7,070 shares of the stock in a transaction that occurred on Thursday, November 18th. The stock was bought at an average cost of GBX 48 ($0.65) per share, with a total value of £3,393.60 ($4,606.49).

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2020, its portfolio comprised 53 licenses in 11 countries with 28 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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