Tullow Oil (LON:TLW) Price Target Cut to GBX 49 by Analysts at Barclays

Tullow Oil (LON:TLW – Get Rating) had its price target cut by Barclays from GBX 56 ($0.70) to GBX 49 ($0.61) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. Barclays’s price target suggests a potential upside of 90.81% from the company’s current price.

TLW has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Tullow Oil from GBX 83 ($1.03) to GBX 56 ($0.70) and set an “overweight” rating for the company in a research note on Thursday, January 26th. Peel Hunt reiterated a “buy” rating and issued a GBX 80 ($1.00) target price on shares of Tullow Oil in a report on Tuesday. Canaccord Genuity Group dropped their target price on shares of Tullow Oil from GBX 62 ($0.77) to GBX 54 ($0.67) and set a “buy” rating on the stock in a report on Monday, March 13th. Finally, Jefferies Financial Group downgraded shares of Tullow Oil to an “underperform” rating and dropped their price objective for the stock from GBX 40 ($0.50) to GBX 25 ($0.31) in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Tullow Oil has a consensus rating of “Moderate Buy” and a consensus price target of GBX 59 ($0.73).

Tullow Oil Stock Up 4.6 %

Shares of LON:TLW traded up GBX 1.12 ($0.01) during trading on Friday, reaching GBX 25.68 ($0.32). 4,624,568 shares of the company traded hands, compared to its average volume of 5,391,756. The company has a quick ratio of 0.63, a current ratio of 1.08 and a debt-to-equity ratio of 457.18. Tullow Oil has a 1-year low of GBX 21.82 ($0.27) and a 1-year high of GBX 57.75 ($0.72). The firm has a fifty day simple moving average of GBX 28.14 and a 200 day simple moving average of GBX 34.50. The firm has a market cap of £372.36 million, a P/E ratio of 856.00, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

About Tullow Oil

(Get Rating)

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2021, its portfolio comprised 30 licenses in 8 countries with 30 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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