Tullow Oil plc Earns Overweight Rating from HSBC (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “overweight” rating reissued by stock analysts at HSBC in a report issued on Friday. They currently have a GBX 1,065 ($17.62) price objective on the stock. HSBC’s target price suggests a potential upside of 45.69% from the stock’s previous close.
A number of other analysts have also recently weighed in on TLW. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Friday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Friday. They now have a GBX 885 ($14.65) price target on the stock. Finally, analysts at Westhouse Securities reiterated an “add” rating on shares of Tullow Oil plc in a research note on Thursday. They now have a GBX 930 ($15.39) price target on the stock. One research 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’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,042.47 ($17.25).
Shares of Tullow Oil plc (LON:TLW) opened at 730.00 on Friday. 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 229.3 and a 200-day moving average of GBX 440.1. The company’s market cap is £6.644 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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