Tullow Oil (TLW) Earns Neutral Rating from UBS Group

UBS Group reiterated their neutral rating on shares of Tullow Oil (LON:TLW) in a research report released on Friday, investing.thisismoney.co.uk reports.

A number of other research firms also recently commented on TLW. Barclays reiterated an overweight rating on shares of Tullow Oil in a research note on Wednesday, October 10th. Morgan Stanley increased their price objective on shares of Tullow Oil from GBX 325 ($4.25) to GBX 355 ($4.64) and gave the company an overweight rating in a research note on Monday, October 8th. Canaccord Genuity upgraded shares of Tullow Oil to a buy rating and increased their price objective for the company from GBX 250 ($3.27) to GBX 270 ($3.53) in a research note on Monday, September 17th. Jefferies Financial Group upgraded shares of Tullow Oil to a buy rating and set a GBX 290 ($3.79) price objective on the stock in a research note on Monday, October 22nd. Finally, Berenberg Bank began coverage on shares of Tullow Oil in a research report on Thursday, November 1st. They issued a hold rating and a GBX 240 ($3.14) price target on the stock. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Tullow Oil has a consensus rating of Buy and an average target price of GBX 254.11 ($3.32).

LON TLW opened at GBX 201.80 ($2.64) on Friday. Tullow Oil has a 12 month low of GBX 142.30 ($1.86) and a 12 month high of GBX 243 ($3.18).

Tullow Oil Company Profile

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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Analyst Recommendations for Tullow Oil (LON:TLW)

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