RBC Capital Markets Gains Confidence in Tullow Oil PLC (LON:TLW). Will Other Analysts Follow?


Tullow Oil PLC (LON:TLW) Stock Upgrade

Tullow Oil PLC (LON:TLW) was just upgraded by RBC Capital Markets to a respectable Outperform rating in a comprehensive report distributed to Clients on 21 December. The firm after the upgrade has a GBX 260.00 target on the shares. This target is 67.57% from TLW’s current share price.

From a total of 28 analysts covering Tullow Oil PLC (LON:TLW) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 8.74 while the lowest target price is GBX 2.64. The mean of all analyst targets is GBX 4.68 with a 111.19% above today’s (GBX 155.16) stock price. Tullow Oil PLC was the topic of 108 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 16 with “Buy” rating. Bernstein maintained shares with “Outperform” rating and GBX 360 target share price in a report from a December 7. Barclays Capital maintained TLW stock in a recent report from December 16 with “Overweight” rating. AlphaValue maintained the rating on December 3. AlphaValue has a “Buy” rating and a GBX 340 price target on shares. Finally, Cantor Fitzgerald maintained the stock with “Sell” rating in a report issued on a December 15.

The stock increased 0.04% or GBX 0.06 on December 18, striking GBX 155.16. Approximately shares of stock traded hands. Tullow Oil plc (LON:TLW) has declined 62.62% since May 22, 2015 and is downtrending. It has underperformed by 56.81% the S&P500.

 RBC Capital Markets Gains Confidence in Tullow Oil PLC (LON:TLW). Will Other Analysts Follow?

Tullow Oil plc is an independent oil and gas exploration and production company. The company has a market cap of 1.41 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.