Credit Suisse Gives Tullow Oil PLC (LON:TLW) a Higher Rating. Will Other Analysts Follow Suit?

September 19, 2017 - By Adrian Erickson

Tullow Oil PLC (LON:TLW) Stock Upgrade

London-listed Tullow Oil PLC (LON:TLW), was increased by professional analysts at Credit Suisse today. Credit Suisse increased its rating on the 2.25B GBP market capitalized company to a “Outperform”, and decided to leave its target price of GBX 210.00 on TLW shares.

Tullow Oil plc (LON:TLW) Ratings Coverage

Among 35 analysts covering Tullow Oil PLC (LON:TLW), 19 have Buy rating, 4 Sell and 12 Hold. Therefore 54% are positive. Tullow Oil PLC has GBX 700 highest and GBX 60 lowest target. GBX 252.72’s average target is 56.97% above currents GBX 161 stock price. Tullow Oil PLC had 334 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Hold” rating by Cantor Fitzgerald on Tuesday, September 29. The firm earned “Hold” rating on Friday, April 29 by Canaccord Genuity. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, May 3. Barclays Capital maintained Tullow Oil plc (LON:TLW) on Friday, June 17 with “Overweight” rating. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. The firm has “Outperform” rating given on Thursday, October 8 by Davy Research. Numis Securities maintained Tullow Oil plc (LON:TLW) on Monday, November 14 with “Hold” rating. The rating was maintained by Macquarie Research on Tuesday, May 23 with “Outperform”. The company was maintained on Thursday, August 13 by Deutsche Bank. The firm has “Sell” rating by Cantor Fitzgerald given on Tuesday, January 17.

The stock increased 2.48% or GBX 3.9 on September 19, reaching GBX 161. About 12.43M shares traded or 69.12% up from the average. Tullow Oil plc (LON:TLW) has 0.00% since September 19, 2016 and is . It has underperformed by 16.70% the S&P500.

Tullow Oil plc is an independent oil and gas exploration and production company. The company has market cap of 2.25 billion GBP. The Company’s primary activity is the discovery and production of gas and oil. It currently has negative earnings. The Company’s divisions include West Africa; East Africa, and New Ventures.

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