Tullow Oil plc Rating Reiterated by Oriel Securities Ltd (TLW)
Tullow Oil plc (LON:TLW) traded up 1.39% during mid-day trading on Thursday, hitting GBX 731.00. 3,201,284 shares of the company’s stock traded hands. 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 248.8 and a 200-day moving average of GBX 445.1. The company’s market cap is £6.654 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, August 27th will be given a dividend of GBX 4 ($0.07) per share. This represents a yield of 0.53%. The ex-dividend date of this dividend 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 Wednesday. They now have a GBX 752 ($12.44) 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 22nd. They now have a GBX 1,300 ($21.51) price target on the stock. Finally, 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. 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. The company has an average rating of “Buy” and an average 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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