Tullow Oil plc Plans Dividend of GBX 4 (TLW)
Tullow Oil plc (LON:TLW) announced a dividend on Wednesday, July 30th, Analyst RN reports. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 4 ($0.07) per share on Friday, October 3rd. This represents a dividend yield of 0.53%. The ex-dividend date is Wednesday, August 27th. The official announcement can be seen at this link.
A number of research firms have recently commented on TLW. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Wednesday. They now have a GBX 825 ($14.01) price target on the stock. On the ratings front, 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. Finally, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Tullow Oil plc in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company. Tullow Oil plc currently has an average rating of “Buy” and an average target price of GBX 1,077.75 ($18.30).
Shares of Tullow Oil plc (LON:TLW) traded down 1.11% during mid-day trading on Wednesday, hitting GBX 755.50. The stock had a trading volume of 1,335,077 shares. Tullow Oil plc has a 52-week low of GBX 736.00 and a 52-week high of GBX 1089.00. The stock’s 50-day moving average is GBX 380.4 and its 200-day moving average is GBX 501.. The company’s market cap is £6.865 billion.
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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