Tullow Oil sacks off Rome well
7th Jul 2016 13:29
(ShareCast News) - Tullow Oil's Norwegian arm has plugged and abandoned an exploration well on the Rome prospect in the central North Sea after it failed to find any oil or gas. The exploration well, numbered 16/5-6, was drilled in production licence PL776, where Tullow Oil Norge has a 40% operated
Read moreTullow Oil expecting significant fall in first-half revenue
30th Jun 2016 07:57
(ShareCast News) - Tullow Oil updated the market ahead of the end of its first half on Thursday, with first oil projected from the TEN project expected imminently, but revenue and gross profit taking a dive. The FTSE 250 firm gave revenue guidance for the half-year of $0.5bn total revenue, down from
Read moreBarclays names Ophir Energy 'top-pick', upgrades Premier Oil
21st Jun 2016 14:46
(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process
Read moreS&P removes Tullow Oil from CreditWatch, but keeps negative outlook
2nd Jun 2016 14:44
(ShareCast News) - Standard&Poor´s took Tullow Oil´s debt off its list of corporate debt instruments which were facing an immediate risk of a debt downgrade, but cautioned that the oil explorer was still facing operational risks at its two key projects, in Ghana. S&P reaffirmed its credit rating on
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreFTSE 250 movers: Easing Brexit fears lift Redrow and Countrywide
23rd May 2016 14:14
(ShareCast News) - The FTSE 250 was not far off its three-month high on Monday afternoon, up 0.71% at 17,042.61 as a buoyant handful of challenger banks and property-related stocks outweighed those hit by the oil price retreat. The Treasury weighed into the Brexit debate, aiming to convince Britain
Read moreCentrica and Tullow gain as Norway awards 10 oil licences in Arctic Sea
18th May 2016 14:47
(ShareCast News) - Norway has awarded 10 new offshore oil exploration licences in the Arctic and the border zone with Russia, the first time the country has offer new acreage in twenty years. The Norwegian oil ministry doled out 10 licences that consisted of 40 blocks, with 13 companies offered part
Read moreBroker tips: EasyJet, Restaurant Group, Tullow Oil
9th May 2016 12:35
(ShareCast News) - RBC Capital Markets upgraded EasyJet to 'outperform' from 'underperform' and lifted the price target to 1,500p from 1,450p. It said the drop in the shares - which are down 16% versus the FTSE 100 year-to-date - is a good entry point. "We now see a window opening in easyJet shares
Read moreBMO upgrades Tullow Oil to 'outperform'
9th May 2016 10:41
(ShareCast News) - BMO Capital Markets upgraded Tullow Oil to 'outperform' from 'market perform' and lifted the target price to 310p from 200p. "The oil exploration and production industry is a risky asset class, however Tullow Oil has shown itself capable to adapt to the lower oil price environment
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreTuesday broker round-up
3rd May 2016 15:50
(ShareCast News) - Tullow Oil: Goldman Sachs upgrades to buy with a 274,30p target. RSA Insurance: Barclays upgrades to overweight with a 545p target. RBS: UBS reiterates neutral with a target price of 250p Barclays reiterates equal-weight with a target of 270p and Goldman Sachs stays at buy with 3
Read moreTullow Oil gushes lower as Macquarie and Goldman downgrade
3rd May 2016 11:43
(ShareCast News) - Tullow Oil gushed lower on Tuesday as Macquarie, Goldman Sachs and Numis all had their say on the stock. Goldman Sachs downgraded Tullow to 'neutral' from 'buy' and cut the price target to 274.30p from 305p on the back of the recently announced need for two pipelines in East Afric
Read moreFTSE 250 movers: Restaurant Group sinks as revenues lift Rotork
29th Apr 2016 14:51
(ShareCast News) - The FTSE 250 was down in afternoon trading on Friday, as investors picked their way through a raft of corporate earnings and as data showed the eurozone fell further into deflation in April. Valve maker Rotork was among the index leaders in afternoon trading, after it reported a 0
Read moreFTSE 250 movers: Tullow and Weir limit losses
28th Apr 2016 14:50
(ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day. Stocks going ex-divi on the day included Cobham, Elementis, Tullett Prebon and William Hill. Cobham was a
Read moreBroker tips: Stagecoach, Next, Tullow Oil
28th Apr 2016 12:35
(ShareCast News) - Investec upgraded Stagecoach to 'reduce' from 'sell' saying that while the outlook for the company remains negative in many areas, much of this is already priced into the shares. The brokerage said it has adjusted its sum-of-the-parts valuation, removing Megabus Europe losses from
Read more