Tullow Oil plc (TLW) Receives Consensus Recommendation of "Hold" from Analysts

Tullow Oil

Rising oil prices helped Tullow return to profit in 2017 Credit JODY AMIET

The average twelve-month target price among analysts that have covered the stock in the past year is GBX 223.66 ($3.09). JPMorgan Chase & Co. upped their price target on Tullow Oil from GBX 245 ($3.38) to GBX 255 ($3.52) and gave the company an "overweight" rating in a report on Thursday, January 11th. 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. Zacks Investment Research lowered shares of Tullow Oil from a buy rating to a hold rating and set a $1.50 target price on the stock.in a report on Saturday, January 6th. Jefferies Group upgraded shares of Tullow Oil to a "hold" rating and lifted their price target for the stock from GBX 175 ($2.42) to GBX 180 ($2.49) in a report on Wednesday, December 20th. The company now has a consensus rating of "Hold" and a consensus price target of GBX 225.31 ($3.11). The stock was sold at an average price of GBX 192 ($2.65), for a total transaction of £378,353.28 ($522,731.80).

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Tullow Oil said on Monday it plans to sell $650 million (€527m) of seven-year bonds to refinance the same amount of debt that is due to be repaid in 2020.

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Shares of Tullow Oil (LON:TLW) traded down GBX 2.55 ($0.04) during trading on Thursday, hitting GBX 188.65 ($2.61). 7,967,673 shares of the stock were exchanged, compared to its average volume of 9,870,000. The shares were sold at an average price of GBX 190 ($2.63), for a total transaction of £61,176.20 ($84,520.86). The firm has a market capitalization of $2,600.00 and a P/E ratio of -1,572.08. Tullow Oil has a twelve month low of $0.92 and a twelve month high of $1.85.

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TRADEMARK VIOLATION NOTICE: This news story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another site, it was stolen and republished in violation of United States and global copyright and trademark legislation. The legal version of this story can be viewed at https://weekherald.com/2018/03/10/tullow-oil-plc-tlw-receives-consensus-recommendation-of-hold-from-analysts.html. The Company's primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.

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