Royal Bank of Canada upgraded shares of Tullow Oil (LON:TLW) to an outperform rating in a research report sent to investors on Monday morning. They currently have GBX 275 ($3.59) price target on the stock, down from their prior price target of GBX 300 ($3.92).
A number of other analysts have also recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Tullow Oil from GBX 325 ($4.25) to GBX 355 ($4.64) and gave the stock an overweight rating in a research note on Monday, October 8th. Canaccord Genuity upgraded shares of Tullow Oil to a buy rating and boosted their price objective for the stock from GBX 250 ($3.27) to GBX 270 ($3.53) in a research note on Monday, September 17th. Barclays restated an overweight rating and issued a GBX 315 ($4.12) price objective (up from GBX 285 ($3.72)) on shares of Tullow Oil in a research note on Tuesday, September 25th. Jefferies Financial Group upgraded shares of Tullow Oil to a buy rating and set a GBX 290 ($3.79) price objective for the company in a research note on Monday, October 22nd. Finally, Berenberg Bank started coverage on shares of Tullow Oil in a research note on Thursday, November 1st. They issued a hold rating and a GBX 240 ($3.14) price objective for the company. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 254.11 ($3.32).
Shares of Tullow Oil stock opened at GBX 199.80 ($2.61) on Monday. Tullow Oil has a 1-year low of GBX 142.30 ($1.86) and a 1-year high of GBX 243 ($3.18).
About Tullow Oil
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.
Read More: What are retained earnings?
Receive News & Ratings for Tullow Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil and related companies with MarketBeat.com's FREE daily email newsletter.