Tullow Oil plc Earns Outperform Rating from Sanford C. Bernstein (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Monday. They currently have a GBX 1,300 ($21.57) price objective on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 78.08% from the stock’s previous close.
A number of other analysts have also recently weighed in on TLW. Analysts at HSBC reiterated an “overweight” rating on shares of Tullow Oil plc in a research note on Friday. They now have a GBX 1,065 ($17.67) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Friday. Finally, 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 ($14.69) price target on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,042.47 ($17.30).
Tullow Oil plc (LON:TLW) opened at 731.05 on Monday. 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 442.1. The company’s market cap is £6.654 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors 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.
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.