Tullow Oil plc Receives Hold Rating from Deutsche Bank (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a GBX 885 ($15.03) target price on the stock, down from their previous target price of GBX 950 ($16.13). Deutsche Bank’s price objective indicates a potential upside of 21.40% from the company’s current price.
Tullow Oil plc (LON:TLW) traded up 0.07% on Wednesday, hitting GBX 729.00. 2,167,469 shares of the company’s stock traded hands. Tullow Oil plc has a 52 week low of GBX 9.62 and a 52 week high of GBX 1086.00. The stock’s 50-day moving average is GBX 489.9 and its 200-day moving average is GBX 668.. The company’s market cap is £6.635 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Stockholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Tullow Oil plc in a research note on Monday, July 28th. They now have a GBX 910 ($15.45) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Friday, July 25th. They now have a GBX 865 ($14.69) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Tullow Oil plc from GBX 1,050 ($17.83) to GBX 1,000 ($16.98) in a research note on Thursday, July 24th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,059.01 ($17.98).
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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