The stock of Tullow Oil plc (LON:TLW) is a huge mover today! The stock increased 3.34% or GBX 8.38 on November 3, hitting GBX 259.38. About 8.09 million shares traded hands or 13.78% up from the average. Tullow Oil plc (LON:TLW) has risen 32.28% since April 6, 2016 and is uptrending. It has outperformed by 31.07% the S&P500.
The move comes after 9 months positive chart setup for the GBX 2.36B company. It was reported on Nov, 3 by Barchart.com. We have GBX 378.69 PT which if reached, will make LON:TLW worth GBX 1.09 billion more.
Tullow Oil plc (LON:TLW) Ratings Coverage
Out of 33 analysts covering Tullow Oil PLC (LON:TLW), 18 rate it a “Buy”, 6 “Sell”, while 9 “Hold”. This means 55% are positive. Tullow Oil PLC has been the topic of 245 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, March 21 by Jefferies. The rating was upgraded by RBC Capital Markets to “Outperform” on Monday, December 21. The stock of Tullow Oil plc (LON:TLW) earned “Buy” rating by Citigroup on Friday, May 6. The stock has “Hold” rating given by Jefferies on Thursday, February 11. The stock of Tullow Oil plc (LON:TLW) earned “Overweight” rating by Barclays Capital on Monday, May 9. Bernstein maintained the stock with “Outperform” rating in Friday, August 7 report. The stock of Tullow Oil plc (LON:TLW) has “Sell” rating given on Tuesday, January 5 by Investec. JP Morgan maintained it with “Neutral” rating and GBX 380 target price in Thursday, July 30 report. The rating was maintained by Liberum Capital on Friday, January 15 with “Buy”. The stock of Tullow Oil plc (LON:TLW) earned “Outperform” rating by Bernstein on Thursday, August 13.
More news for Tullow Oil plc (LON:TLW) were recently published by: Bloomberg.com, which released: “Tullow Sees Opportunity Cost If Kenya-Uganda Pipeline Plan Fails” on March 30, 2016. Fool.Co.Uk‘s article titled: “Will this energy stock outperform Tullow Oil plc?” and published on September 15, 2016 is yet another important article.
Tullow Oil plc is an independent oil and gas exploration and production company. The company has a market cap of 2.36 billion GBP. The Firm focuses on finding and monetizing oil in Africa and the Atlantic Margins. It currently has negative earnings. The Firm operates through divisions, including West Africa, East Africa and New Ventures.
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