Canaccord Genuity Reiterates Hold Rating for Tullow Oil plc (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 825 ($14.01) target price on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 9.20% from the company’s current price.
A number of other firms have also recently commented on TLW. Analysts at Westhouse Securities cut their price target on shares of Tullow Oil plc from GBX 960 ($16.30) to GBX 930 ($15.79) in a research note on Wednesday. They now have an “add” rating on the stock. Separately, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Tullow Oil plc in a research note on Wednesday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Wednesday. They now have a GBX 950 ($16.13) price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 1,077.75 ($18.30).
Tullow Oil plc (LON:TLW) traded down 1.11% during mid-day trading on Wednesday, hitting GBX 755.50. 1,448,318 shares of the company’s stock traded hands. Tullow Oil plc has a 52 week low of GBX 736.00 and a 52 week high of GBX 1089.00. The stock has a 50-day moving average of GBX 535.8 and a 200-day moving average of GBX 677.. The company’s market cap is £6.865 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 4 ($0.07) per share. This represents a dividend yield of 0.53%. The ex-dividend date is Wednesday, August 27th.
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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