Tullow Oil plc’s Outperform Rating Reiterated at RBC Capital (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating reissued by investment analysts at RBC Capital in a note issued to investors on Wednesday. They currently have a GBX 1,150 ($19.22) price objective on the stock. RBC Capital’s price objective would suggest a potential upside of 60.50% from the company’s current price.
Shares of Tullow Oil plc (LON:TLW) opened at 716.00 on Wednesday. Tullow Oil plc has a 52-week low of GBX 699.00 and a 52-week high of GBX 1089.00. The stock has a 50-day moving average of GBX 281.6 and a 200-day moving average of GBX 461.4. The company’s market cap is £6.517 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Shareholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Tuesday. They now have a GBX 752 ($12.57) price target on the stock. Separately, 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. Finally, 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. 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. Tullow Oil plc has an average rating of “Buy” and a consensus 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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