Westhouse Securities Reaffirms Add Rating for Tullow Oil plc (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “add” rating reaffirmed by stock analysts at Westhouse Securities in a report issued on Thursday. They currently have a GBX 930 ($15.39) price objective on the stock. Westhouse Securities’ target price indicates a potential upside of 28.99% from the company’s current price.
Shares of Tullow Oil plc (LON:TLW) traded up 1.39% during mid-day trading on Thursday, hitting GBX 731.00. The stock had a trading volume of 3,201,284 shares. Tullow Oil plc has a one year low of GBX 699.00 and a one 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 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.
Several other analysts have also recently commented on the stock. Analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Tullow Oil plc in a research note on Thursday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have given a buy rating to the company’s stock. Tullow Oil plc presently has an average rating of “Buy” and an average target price 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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