Tullow Oil plc Rating Reiterated by Sanford C. Bernstein (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating restated by investment analysts at Sanford C. Bernstein in a note issued to investors on Friday. They currently have a GBX 1,300 ($21.73) price target on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 82.97% from the company’s current price.
A number of other analysts have also recently weighed in on TLW. Analysts at Investec cut their price target on shares of Tullow Oil plc from GBX 855 ($14.29) to GBX 800 ($13.37) in a research note on Thursday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Tullow Oil plc currently has a consensus rating of “Buy” and an average price target of GBX 1,042.47 ($17.43).
Tullow Oil plc (LON:TLW) opened at 709.50 on Friday. Tullow Oil plc has a 52-week low of GBX 699.00 and a 52-week high of GBX 1089.00. The stock’s 50-day moving average is GBX 235.9 and its 200-day moving average is GBX 452.8. The company’s market cap is £6.458 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.
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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