Tullow Oil founder bows out after swing to first-half profit
25th Jul 2018 08:55
(Sharecast News) - Tullow Oil turned in a profit from the first half of its trading year, a considerable turnaround from the loss of $557.9m reported in the same period a year earlier.
Read moreTullow Oil revenue falls while losses narrow
8th Feb 2017 08:31
(ShareCast News) - Independent oil and gas exploration and production group Tullow Oil announced its full year results for the year to 31 December on Wednesday, with sales revenue falling 21% to $1.27bn and gross profit down 8% to $546.9m. The FTSE 250 company said its administrative expenses were 4
Read moreTullow Oil tanks on HSBC downgrade
19th Jan 2017 10:02
(ShareCast News) - Tullow Oil tanked on Thursday after HSBC downgraded the stock to 'hold' from 'buy' but lifted the target price to 320p from 270p, saying the shares offer "limited upside". The oil exploration and production company's shares have risen 19% since OPEC announced output cuts in late N
Read moreTullow makes new oil discovery in Kenya
17th Jan 2017 07:42
(ShareCast News) - Tullow Oil has made a new oil discovery at the Erut-1 well in Block 13T in Northern Kenya. The well was drilled to a depth of 1,318 metres and cut a 25 metre interval at 700m and Tullow said the overall oil column for the field is considered to be 100 to 125 metres. The Erut-1 we
Read moreThursday broker round-up
12th Jan 2017 13:49
(ShareCast News) - Hays: Deutsche Bank upgrades to Hold with a target price of 160p. Pagegroup: Jefferies reiterates Hold with a target price of 395p. Taylor Wimpey: Deutsche Bank reiterates Buy with a target price of 244p. Sainsbury: HSBC maintains Reduce with a target price of 205p. Tullow Oil:
Read moreTullow Oil disappoints with 2017 production guidance for TEN field
11th Jan 2017 08:15
(ShareCast News) - Following first oil from its TEN field offshore Ghana in August, Tullow Oil produced an average of 65,500 barrels of oil per day from West Africa and said in 2017 it expects to average between 78,000 and 85,000 bopd, though this was below some analysts' expectations. Year-end net
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreTullow Oil CFO Springett takes medical leave
5th Jan 2017 07:34
(ShareCast News) - Tullow Oil announced on Thursday that its chief financial officer Ian Springett was taking an extended leave of absence in order to undergo treatment for a medical condition. The FTSE 250 firm said Les Wood, vice president finance and commercial, had been appointed interim CFO. "
Read moreTuesday broker round-up
3rd Jan 2017 10:54
(ShareCast News) - BP: UBS reiterates buy with a target price of 550p. InterContinental Hotels Group: Barclays upgrades to overweight, 4000p target. Debenhams: Deutsche Bank downgrades to sell with a 5200p target. Amerisur: Barclays reiterates equal weight with a 36p target. Next: Deutsche Bank d
Read moreSector movers: Non-OPEC oil deal boosts producers
12th Dec 2016 14:30
(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the s
Read moreGoldman downgrades Tullow Oil to 'sell' from 'neutral'
6th Dec 2016 09:24
(ShareCast News) - Tullow Oil shares fell on Tuesday as Goldman Sachs downgraded the stock to 'sell' from 'neutral' and cut the target price to 221.8p from 247.2p. "Since the November 30 announcement of OPEC production cuts, the stock has rallied about 20%, in line with the front month of Brent, and
Read moreFTSE 250 movers: Oil stocks gush ahead while Cranswick loses out
5th Dec 2016 15:30
(ShareCast News) - The FTSE 250 index rose 0.13% to 17,457.33 in the late afternoon. Oil prices continued their steady advance following OPEC's decision to cut its production by 1.2m barrels a day, propping up shares in Tullow Oil, Vedanta Resources (VR) and Petrofac on Monday. Goldman Sachs maintai
Read moreFTSE 250 movers: Oil services stocks bounce, Kaz knocked off high
15th Nov 2016 16:00
(ShareCast News) - The FTSE 250 index was on the up again on Tuesday, rising almost 0.5% to over 17,550 by mid-afternoon as oil-related stocks inflated on hopes of more oil price gains. Oil service companies Petrofac and Wood Group were among the top risers, with engineer Amec Foster Wheeler a
Read moreBroker tips: Tullow Oil, SIG, Dairy Crest
11th Nov 2016 10:27
(ShareCast News) - Tullow Oil's shares were under the cosh on Friday as Canaccord Genuity downgraded its rating to 'sell' from 'hold' but raised its target price to 230p from 220p. Canaccord said the issues Tullow highlighted in its 9 November trading update on the Tweneboa, Enyenra, Ntomme (TEN) fi
Read moreTullow Oil shares slip on Canaccord downgrade
11th Nov 2016 09:12
(ShareCast News) - Tullow Oil's shares were under the cosh on Friday as Canaccord Genuity downgraded its rating to 'sell' from 'hold' but raised its target price to 230p from 220p. Canaccord said the issues Tullow highlighted in its 9 November trading update on the Tweneboa, Enyenra, Ntomme (TEN) fi
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