Reaffirmed: Tullow Oil (LON:TLW) “Outperform” Rating Reaffirmed at Bernstein; GBX 360 Target in Place

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Tullow Oil (LON:TLW) Rating Reaffirmed

Bernstein now has a GBX 360 target PPS on the 1.64 billion GBP market cap company or 95.65% upside potential. In an analyst research report issued on 7 December, Tullow Oil (LON:TLW) shares have had their “Outperform” Rating has decided to restate by stock research analysts at Bernstein.

From a total of 29 analysts covering Tullow Oil PLC (LON:TLW) stock, 17 rate it a ”Buy”, 5 a “Sell”, and 9 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is GBX 8.83 while the lowest target price is GBX 2.67. The mean of all analyst targets is GBX 4.75 with a 88.77% above today’s (GBX 180.5) stock price. Tullow Oil PLC was the topic of 102 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Buy” rating. Numis Securities maintained shares with “Buy” rating and GBX 350 target share price in a report from a November 18. Cantor Fitzgerald downgraded TLW stock in a recent report from November 30 to “Sell” rating. Liberum Capital maintained the rating on November 17. Liberum Capital has a “Buy” rating and a GBX 250 price target on shares. Finally, Credit Suisse maintained the stock with “Outperform” rating in a report issued on a November 19.

Approximately 2.55M shares of stock traded hands. Tullow Oil plc (LON:TLW) has declined 53.77% since May 8, 2015 and is downtrending. It has underperformed by 52.69% the S&P500.

Reaffirmed: Tullow Oil (LON:TLW)

Tullow Oil plc is an independent oil and gas exploration and production company. The company has a market cap of 1.64 billion GBP. The Firm is engaged in the exploration, development, production and sale of hydrocarbons. It currently has negative earnings. The Firm is focused on finding and monetizing oil in Africa and the Atlantic Margins.

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