Beaufort Securities reissued their buy rating on shares of Premier Oil PLC (OTCMKTS:PMOIY) in a research report sent to investors on Friday, Market Beat.com reports. The 12-month consensus target price for the stock is GBX 524, which reflects an upside potential of 182.18% over the current price.
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TLW has been the topic of a number of other reports. This is down from average of 6.49M shares. Deutsche Bank reaffirmed a hold rating and issued a GBX 380 ($5.78) price target on shares of Tullow Oil plc in a research note on Thursday, July 30th.
Out of 29 analysts covering Tullow Oil PLC, 13 rate it a Buy, 11 indicate a Hold while 5 suggest a Sell.
Tullow Oil plc using EPIC/TICKER code LON:TLW has had its stock rating noted as “Reiterates” with the recommendation being set at “OVERWEIGHT” today by analysts at Barclays Capital.
The stock had a trading volume of 91,519 shares. The stock was acquired at an average price of GBX 284 ($4.32) per share, with a total value of £897.44 ($1,364.10).
Tullow reported a 35 per cent decline in revenue to $820 million for the first half of 2015, compared to $1.2 billion during the same period a year ago. Tullow Oil has a 52 week low of GBX 153.50 and a 52 week high of GBX 660.00. The company’s 50 day moving average price is GBX 197.51 and its 200-day moving average price is GBX 305.05. The Company is engaged in the exploration, development, production and sale of hydrocarbons.
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The Africa-focused oil explorer added a little over seven percent on Tuesday and Wednesday, as Macquarie predicted that banks will indeed support Tullow’s cash needs. The Organization has interests in over 130 investigation and production licenses across 22 countries that are managed as three regional business units: West & North Africa, South & East Africa and Europe, South America and Asia.
