Tullow Oil PLC (LON:TLW) has been upgraded to Overweight in a report by Morgan Stanley earlier today.
- Updated: October 15, 2016
Having a price of 269.95GBX, Tullow Oil PLC (LON:TLW) traded 5.88% higher on the day. With the last stock price up 21.15% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. TLW has recorded a 50-day average of 237.35GBX and a two hundred day average of 231.95GBX. Trade Volume was up over the average, with 9,920,627 shares of TLW changing hands over the typical 7,111,770
Morgan Stanley has upgraded Tullow Oil PLC (LON:TLW) to Overweight in a statement released on 10/13/2016.
On 10/06/2016, Barclays Capital released a statement about Tullow Oil PLC (LON:TLW) upped the target price from 310.00GBX to 340.00GBX that suggested an upside of 0.28%.
Recent Performance Chart
Tullow Oil PLC has with a one year low of 116.26GBX and a one year high of 292.20GBX and has a market capitalization of 0 GBX.
A total of 25 brokerages have released a report on Tullow Oil PLC. Three brokerages rating the company a strong buy, nine brokerages rating the company a buy, eleven brokerages rating the company a hold, two brokerages rating the company a underperform, and finally four brokerages rating the company a sell with a 12-month price target of 3.42GBX.
General Company Details For 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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