Tullow Oil plc Given New GBX 800 Price Target at Investec (TLW)
Equities research analysts at Investec decreased their price target on shares of Tullow Oil plc (LON:TLW) from GBX 855 ($14.29) to GBX 800 ($13.37) in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Investec’s price target would suggest a potential upside of 11.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Wednesday. They now have a GBX 1,150 ($19.22) price target on the stock. Separately, 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. Finally, 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. 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 company. The company has a consensus rating of “Buy” and an average price target of GBX 1,042.47 ($17.43).
Shares of Tullow Oil plc (LON:TLW) traded down 0.35% on Thursday, hitting GBX 712.50. 406,637 shares of the company’s stock traded hands. 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 258.8 and a 200-day moving average of GBX 455.9. The company’s market cap is £6.485 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Investors 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.
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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