Barclays Capital disclosed Tullow Oil PLC (LON:TLW), boosting its price target to 340.00GBX earlier today
- Updated: October 8, 2016
Having a price of 266.50GBX, Tullow Oil PLC (LON:TLW) traded 0.44% higher on the day. With the last close up 19.50% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Tullow Oil PLC has recorded a 50-day average of 232.12GBX and a two hundred day average of 230.05GBX. Volume of trade was up over the average, with 8,660,976 shares of TLW changing hands over the typical 7,180,460
Reporting a potential upside of 0.28%, Barclays Capital upped the price target of Tullow Oil PLC (LON:TLW) to 340.00GBX
On 10/5/2016, Jefferies International released a statement on Tullow Oil PLC (LON:TLW) maintained the target price at 175.00GBX that suggested a downside of -0.28%.
With a total market value of 0 GBX, Tullow Oil PLC has with a one year low of 116.26GBX and a one year high of 290.40GBX .
In addition to Barclays Capital reporting its stock price target, a total of 25 brokers have issued a research note on the company. The average stock price target is 3.42GBX with 3 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 11 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 4 brokers rating the stock a sell.
Brief Synopsis On Tullow Oil PLC (LON:TLW)
Tullow Oil plc is an independent oil and gas exploration and production company. The Company focuses on finding and monetizing oil in Africa and the Atlantic Margins. The Company operates through segments, including West Africa, East Africa and New Ventures. It has a portfolio of approximately 120 licenses across over 20 countries, which are managed under West Africa Business, East Africa Business and New Ventures Business. It has a portfolio of exploration and production assets in Africa, Latin America, the Caribbean and Europe. The West Africa Business focuses on its production and development projects in West Africa and Europe. The East Africa Business has an onshore acreage position in Uganda and Kenya. The New Ventures Business is responsible for the Company's frontier exploration and appraisal activity across Africa and Latin America. The West Africa business includes the TEN Project, which is its offshore development in Ghana, and a portfolio of non-operated production assets.
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