Tullow Oil plc’s “Hold” Rating Reaffirmed at Numis Securities Ltd (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating reiterated by research analysts at Numis Securities Ltd in a report released on Tuesday. They currently have a GBX 752 ($12.57) target price on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 5.84% from the company’s current price.
Tullow Oil plc (LON:TLW) opened at 717.00 on Tuesday. Tullow Oil plc has a 1-year low of GBX 699.00 and a 1-year high of GBX 1089.00. The stock’s 50-day moving average is GBX 289.1 and its 200-day moving average is GBX 461.4. The company’s market cap is £6.526 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.
A number of other analysts have also recently weighed in on TLW. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Tullow Oil plc in a research note on Monday, August 11th. They now have a GBX 885 ($14.79) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Friday, August 8th. They now have a GBX 1,300 ($21.73) price target on the stock. Finally, 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 ($13.79) price target on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 1,044.58 ($17.46).
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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