Tullow Oil (LON: TLW)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Monday, ARN reports. They currently have a GBX 1,170 ($17.67) price objective on the stock. Citigroup Inc.’s target price would suggest a potential upside of 6.27% from the stock’s previous close.
Tullow Oil (LON: TLW) opened at 1093.00 on Monday. Tullow Oil has a 52-week low of GBX 931.0001 and a 52-week high of GBX 1485.00. The stock’s 50-day moving average is currently GBX 1399.. The company’s market cap is £9.913 billion.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Tullow Oil from GBX 1,120 ($16.92) to GBX 1,150 ($17.37) in a research note to investors on Tuesday, July 9th. They now have a “neutral” rating on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil in a research note to investors on Thursday, July 4th. Finally, analysts at Bank of America Corp. raised their price target on shares of Tullow Oil from GBX 1,570 ($23.71) to GBX 1,631 ($24.63) in a research note to investors on Thursday, July 4th. They now have a “buy” rating on the stock.
Three analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,907.24 ($28.81).
Tullow Oil plc (LON: TLW) is an independent oil and gas exploration and production company.