RBC Capital Markets Gives Tullow Oil (LON:TLW) a Higher Rating. Will Other Analysts Follow Suit?


Tullow Oil (LON:TLW) Stock Upgrade

In a recent research report released on 21 December, equity research analysts at the RBC Capital Markets stock research division increased shares of Tullow Oil (LON:TLW) to a respectable Outperform rating. They now have a target price per share set at GBX 260 on TLW equating to 63.73% more upside.

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 100.19% above today’s (GBX 161) stock price. Tullow Oil PLC was the topic of 109 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets upgraded shares on December 21 to “Outperform” rating. Cantor Fitzgerald maintained shares with “Sell” rating and GBX 176 target share price in a report from a December 15. Beaufort Securities maintained TLW stock in a recent report from December 16 with “Buy” rating. Bernstein maintained the rating on December 7. Bernstein has a “Outperform” rating and a GBX 360 price target on shares. Finally, Liberum Capital maintained the stock with “Buy” rating in a report issued on a December 15.

Approximately 1.85 million 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 Gives Tullow Oil (LON:TLW) a Higher Rating. Will Other Analysts Follow Suit?

Tullow Oil plc is an independent oil and gas exploration and production company. The company has a market cap of 1.47 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.