Tullow Oil PLC (LON:TLW) target price held steady at 270.00GBX, issued a report today by JP Morgan Cazenove
- Updated: September 25, 2016
Tullow Oil PLC (LON:TLW) had its target price hold steady to 270.00GBX by JP Morgan Cazenove in a report released 9/26/2016. The new target price indicates a possible upside of 0.2% based on the company's last closing price.
Previously on 9/23/2016, FirstEnergy Capital reported on Tullow Oil PLC (LON:TLW) held steady the target price at 250.00GBX. At the time, this indicated a possible upside of 0.09%.
Yesterday Tullow Oil PLC (LON:TLW) traded -1.82% lower at 225.00GBX. The company’s 50-day moving average is 224.34GBX and its 200-day moving average is 227.48GBX. The last closing price is down -2.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 190,585 shares of the stock were exchanged, down from an average trading volume of 7,310,680
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Tullow Oil PLC has a 52 week low of 116.26GBX and a 52 week high of 290.40GBX The company’s market cap is currently 0 GBX.
In addition to JP Morgan Cazenove reporting its target price, a total of 25 brokers have issued a report on the stock. The consensus target price 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.
General Information About 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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