Reaffirmed: Tullow Oil PLC (LON:TLW) “Sell” Rating Reemphasized at Cantor Fitzgerald; GBX 176.00 Target in Place

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Tullow Oil PLC (LON:TLW) Rating Reaffirmed

They currently have a GBX 176.00 target price on Tullow Oil PLC (LON:TLW). The target price by Cantor Fitzgerald would suggest a potential upside of 8.44% from the company’s current stock price. This has been unveiled in an analyst note on Tuesday, 15 December.

From a total of 28 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 8.87 while the lowest target price is GBX 2.68. The mean of all analyst targets is GBX 4.77 with a 100.86% above today’s (GBX 163.12) stock price. Tullow Oil PLC was the topic of 103 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Outperform” rating. Credit Suisse maintained shares with “Outperform” rating and GBX 380 target share price in a report from a November 19. Jefferies maintained TLW stock in a recent report from December 1 with “Hold” rating. Numis Securities maintained the rating on November 18. Numis Securities has a “Buy” rating and a GBX 350 price target on shares. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on a November 30.

Approximately 1.28M shares of stock traded hands. Tullow Oil plc (LON:TLW) has declined 63.53% since May 18, 2015 and is downtrending. It has underperformed by 59.85% the S&P500.

Reaffirmed: Tullow Oil PLC (LON:TLW)

Tullow Oil plc is an independent oil and gas exploration and production company. The company has a market cap of 1.50 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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