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Analysts at Westhouse Securities reduced their price target on shares of Tullow Oil plc (LON:TLW) from GBX 960 ($16.30) to GBX 930 ($15.79) in a research report issued to clients and investors on Wednesday. The firm currently has an “add” rating on the stock. Westhouse Securities’ price objective points to a potential upside of 23.10% from the stock’s previous close.

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 1,448,318 shares. 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 declared a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, August 27th will be given a dividend of GBX 4 ($0.07) per share. This represents a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, August 27th.

Several other analysts have also recently commented on the stock. Analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Tullow Oil plc in a research note on Wednesday. Separately, 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. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Tullow Oil plc in a research note on Monday. They now have a GBX 910 ($15.45) price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Tullow Oil plc has a consensus rating of “Buy” and a consensus target price of GBX 1,077.75 ($18.30).

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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