The stock of Tullow Oil plc (LON:TLW) is a huge mover today! The stock decreased 1.52% or GBX 3.98 on November 16, hitting GBX 258.22. About 6.14 million shares traded hands. Tullow Oil plc (LON:TLW) has risen 22.93% since April 18, 2016 and is uptrending. It has outperformed by 18.24% the S&P500.
The move comes after 7 months positive chart setup for the GBX 2.61B company. It was reported on Nov, 16 by Barchart.com. We have GBX 348.60 PT which if reached, will make LON:TLW worth GBX 913.50M more.
Tullow Oil plc (LON:TLW) Ratings Coverage
Out of 33 analysts covering Tullow Oil PLC (LON:TLW), 16 rate it a “Buy”, 7 “Sell”, while 10 “Hold”. This means 48% are positive. Tullow Oil PLC has been the topic of 255 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained Tullow Oil plc (LON:TLW) on Thursday, August 13 with “Buy” rating. The firm earned “Add” rating on Wednesday, November 9 by AlphaValue. Barclays Capital maintained Tullow Oil plc (LON:TLW) rating on Friday, June 17. Barclays Capital has “Overweight” rating and GBX 300 price target. The stock of Tullow Oil plc (LON:TLW) earned “Sell” rating by Investec on Wednesday, February 24. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, October 13. The company was maintained on Monday, August 17 by Goldman Sachs. The firm has “Reduce” rating given on Monday, November 9 by Nomura. Cantor Fitzgerald downgraded Tullow Oil plc (LON:TLW) rating on Monday, November 30. Cantor Fitzgerald has “Sell” rating and GBX 176 price target. Barclays Capital maintained it with “Overweight” rating and GBX 310 target price in Tuesday, August 23 report. BMO Capital Markets maintained the shares of TLW in a report on Thursday, August 25 with “Outperform” rating.
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. Bloomberg.com‘s article titled: “Tullow, Total Uganda Oil Exports May Delay on Infrastructure” and published on November 14, 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 2.61 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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