RBC Capital Reiterates Outperform Rating for Tullow Oil plc (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Wednesday, StockRatingsNetwork reports. They currently have a GBX 1,150 ($19.27) price target on the stock. RBC Capital’s target price points to a potential upside of 47.06% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Tullow Oil plc in a research note on Thursday, February 13th. They now have a GBX 1,500 ($25.14) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Tullow Oil plc from GBX 980 ($16.42) to GBX 950 ($15.92) in a research note on Thursday, February 13th. They now have a “hold” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 1,173.63 ($19.67).
Shares of Tullow Oil plc (LON:TLW) traded down 0.70% during mid-day trading on Wednesday, hitting GBX 776.50. The stock had a trading volume of 3,456,624 shares. Tullow Oil plc has a 52-week low of GBX 736.00 and a 52-week high of GBX 1270.00. The stock’s 50-day moving average is GBX 553.7 and its 200-day moving average is GBX 698.4. The company’s market cap is £7.056 billion.
The company also recently announced a dividend, which is scheduled for Friday, May 9th. Investors of record on Wednesday, April 2nd will be paid a dividend of GBX 8 ($0.13) per share. This represents a dividend yield of 1.02%. The ex-dividend date is Wednesday, April 2nd.
Tullow Oil plc (LON:TLW) is an United Kingdom -based company engaged in oil and gas exploration, development and production and the sale of hydrocarbons and related activities.
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