Credit Suisse Group reiterated an "outperform" rating and issued a GBX 240 ($3.32) price objective on shares of Tullow Oil in a research note on Monday, January 8th. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. Tullow Oil presently has an average rating of Hold and an average target price of $1.75. The average twelve-month target price among analysts that have covered the stock in the a year ago is GBX 223.66 ($3.09).
Tullow Oil (OTCMKTS TUWLF) opened at $2.52 on Tuesday. Deutsche Bank lifted their price target on shares of Tullow Oil from GBX 210 ($2.90) to GBX 225 ($3.11) and gave the stock a "buy" rating in a report on Thursday, November 9th.
Tullow Oil (TUWOY) traded down $0.03 during mid-day trading on Thursday, hitting $1.26. 7,967,673 shares of the stock were exchanged, compared to its average volume of 9,870,000. The company now has a consensus rating of "Hold" and a consensus price target of GBX 225.31 ($3.11).
In other Tullow Oil news, insider Aidan Heavey sold 197,059 shares of Tullow Oil stock in a transaction on Thursday, December 21st. The firm has a market capitalization of $2,440.00 and a price-to-earnings ratio of -1,468.33. Also, insider Angus McCoss sold 32,198 shares of Tullow Oil stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 190 ($2.63), for a total value of £61,176.20 ($84,520.86).
The oil and gas explorer's net debt fell by over $1.3 billion previous year to $3.5 billion with the help of $790 million raised through the sale of stock in a rights issue offering to shareholders last April.
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Tullow Oil plc is an independent oil and gas exploration and production company. The company operates through West Africa, East Africa, and New Ventures segments.