Tullow Oil plc Stock Rating Reaffirmed by Numis Securities Ltd (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Wednesday. They currently have a GBX 752 ($12.44) price target on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 5.69% from the company’s current price.
Tullow Oil plc (LON:TLW) opened at 719.55 on Wednesday. Tullow Oil plc has a 1-year low of GBX 699.00 and a 1-year high of GBX 1089.00. The stock has a 50-day moving average of GBX 232.2 and a 200-day moving average of GBX 443.9. The company’s market cap is £6.549 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 firms have also recently commented on TLW. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Friday, August 22nd. They now have a GBX 1,300 ($21.51) price target on the stock. Separately, analysts at Investec cut their price target on shares of Tullow Oil plc from GBX 855 ($14.15) to GBX 800 ($13.24) in a research note on Thursday, August 21st. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Wednesday, August 20th. They now have a GBX 1,150 ($19.03) price target on the stock. One 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’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,042.47 ($17.25).
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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