Tullow Oil plc (LON:TLW) was upgraded by research analysts at Deutsche Bank AG to a “buy” rating in a report released on Tuesday. The firm currently has a GBX 270 ($3.40) price objective on the stock, down from their prior price objective of GBX 330 ($4.15). Deutsche Bank AG’s target price points to a potential upside of 30.56% from the stock’s current price.

TLW has been the subject of a number of other research reports. Canaccord Genuity increased their price target on shares of Tullow Oil plc from GBX 255 ($3.21) to GBX 265 ($3.34) and gave the stock a “sell” rating in a research note on Tuesday, January 24th. Macquarie upgraded shares of Tullow Oil plc to an “outperform” rating and set a GBX 355 ($4.47) price target for the company in a research note on Friday, February 3rd. Numis Securities Ltd upgraded shares of Tullow Oil plc to an “add” rating and increased their price target for the stock from GBX 270 ($3.40) to GBX 285 ($3.59) in a research note on Friday, March 10th. Goldman Sachs Group Inc decreased their price target on shares of Tullow Oil plc from GBX 221.80 ($2.79) to GBX 221 ($2.78) and set a “sell” rating for the company in a research note on Friday, December 16th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 375 ($4.72) price objective on shares of Tullow Oil plc in a research report on Wednesday, January 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 255.83 ($3.22).

Analyst Recommendations for Tullow Oil plc (LON:TLW)

Shares of Tullow Oil plc (LON:TLW) opened at 206.80 on Tuesday. Tullow Oil plc has a 12 month low of GBX 154.23 and a 12 month high of GBX 299.86. The company’s market capitalization is GBX 1.89 billion. The stock has a 50 day moving average price of GBX 209.38 and a 200-day moving average price of GBX 269.06.

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Tullow Oil plc Company Profile

Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.

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