Deutsche Bank Reiterates “Hold” Rating for Tullow Oil Plc (UK) (TUWOY)

TLW has been the topic of a number of other reports.

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.

In related news, insider McDade, Paul acquired 316 shares of the stock in a transaction dated Thursday, July 9th. Canaccord Genuity reiterated a hold rating and set a GBX 320 ($4.86) target price on shares of Tullow Oil plc in a research note on Wednesday, June 10th.

Out of 29 analysts covering Tullow Oil PLC, 13 rate it a Buy, 11 indicate a Hold while 5 suggest a Sell.

They now have a GBX 400.00 TP on Tullow Oil PLC (LON:TLW). Finally, Nomura began coverage on Tullow Oil Plc in a research report on Thursday, August 6th.

Tullow Oil plc LON:TLW has a 50 day moving average of 214.71 GBX.

Tullow’s share price had surged 9.64 percent to 185.40p, adding to the upside since Monday, when the company’s stock plunged to a 10-year low.

Ian Springett, Chief Financial Officer, Tullow Oil plc, commented today: “Today’s announcement demonstrates the robustness of Tullow’s debt capital structure and emphasises the strong support that we are receiving from our relationship banks”. The Company is engaged in the investigation, development, production and sale of hydrocarbons. The Organization is concentrated on finding and monetizing petroleum in the Atlantic Borders and Africa. The company’s market capitalization is GBX 1.71 billion. The Company produced an average of 100,000 barrels of oil per day in 2014.

Tullow says it is fully funded to meet all existing commitments including the ongoing investment in the TEN development in Ghana, which remains on schedule to deliver first oil and additional cash flow in mid-2016.