Tullow Oil plc Receives “Outperform” Rating from Sanford C. Bernstein (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday. They currently have a GBX 1,300 ($21.87) price objective on the stock. Sanford C. Bernstein’s target price indicates a potential upside of 80.18% from the stock’s previous close.
Tullow Oil plc (LON:TLW) opened at 721.00 on Friday. Tullow Oil plc has a 52 week low of GBX 717.50 and a 52 week high of GBX 1089.00. The stock’s 50-day moving average is GBX 332.5 and its 200-day moving average is GBX 483.1. The company’s market cap is £6.563 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 Canaccord Genuity reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Wednesday, July 30th. They now have a GBX 825 ($13.88) price target on the stock. Separately, analysts at Westhouse Securities cut their price target on shares of Tullow Oil plc from GBX 960 ($16.15) to GBX 930 ($15.65) in a research note on Wednesday, July 30th. 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, July 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,053.24 ($17.72).
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.
Receive News & Ratings for Tullow Oil plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tullow Oil plc and related companies with Analyst Ratings Network's FREE daily email newsletter.