Today Numis Sticks With a “Buy” Rating on Tullow Oil (LON:TLW) and a GBX 350 Target Price

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Tullow Oil (LON:TLW) Rating Reaffirmed

Numis now has a GBX 350 target price per share on the 1.40 billion GBP market cap company or 118.20% upside potential. In analysts report sent to investors on Wednesday morning, Tullow Oil (LON:TLW) shares have had their “Buy” Rating kept steady by equity research analysts at Numis.

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 8.83 while the lowest target price is GBX 2.66. The mean of all analyst targets is GBX 4.73 with a 102.03% above today’s (GBX 162.2) stock price. Tullow Oil PLC was the topic of 107 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Beaufort Securities maintained shares on December 16 with “Buy” rating. AlphaValue maintained shares with “Buy” rating and GBX 340 target share price in a report from a December 3. Liberum Capital maintained TLW stock in a recent report from December 15 with “Buy” rating. Jefferies maintained the rating on December 1. Jefferies has a “Hold” rating and a GBX 215 price target on shares. Finally, Bernstein maintained the stock with “Outperform” rating in a report issued on a December 7.

Approximately 3.12M shares of stock traded hands. Tullow Oil plc (LON:TLW) has declined 60.64% since May 19, 2015 and is downtrending. It has underperformed by 58.01% the S&P500.

Today Numis Sticks With a

Tullow Oil plc is an independent oil and gas exploration and production company. The company has a market cap of 1.40 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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