Tullow Oil (LON:TLW) Price Target Lowered to GBX 183 at Goldman Sachs Group

Tullow Oil (LON:TLW) had its price objective trimmed by Goldman Sachs Group from GBX 326.60 ($4.27) to GBX 183 ($2.39) in a research report sent to investors on Thursday, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

TLW has been the topic of several other research reports. Peel Hunt reiterated a buy rating and set a GBX 250 ($3.27) target price on shares of Tullow Oil in a report on Monday, September 16th. Peel Hunt reiterated a buy rating on shares of Tullow Oil in a report on Wednesday, November 13th. Berenberg Bank dropped their price objective on Tullow Oil from GBX 260 ($3.40) to GBX 230 ($3.01) and set a buy rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada restated an outperform rating on shares of Tullow Oil in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. lowered Tullow Oil to a neutral rating and dropped their price objective for the company from GBX 278 ($3.63) to GBX 249 ($3.25) in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of GBX 219.79 ($2.87).

TLW traded down GBX 3.40 ($0.04) on Thursday, hitting GBX 139.25 ($1.82). 7,061,377 shares of the company were exchanged, compared to its average volume of 9,450,000. Tullow Oil has a 12 month low of GBX 144.80 ($1.89) and a 12 month high of GBX 254.60 ($3.33). The company has a market cap of $2.01 billion and a PE ratio of 14.97. The company has a debt-to-equity ratio of 170.48, a quick ratio of 0.85 and a current ratio of 1.70. The stock’s fifty day moving average is GBX 196.55 and its 200-day moving average is GBX 205.56.

In other Tullow Oil news, insider Jeremy Wilson acquired 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of GBX 141 ($1.84) per share, for a total transaction of £28,200 ($36,848.29).

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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