FirstEnergy Capital Reiterates Outperform Rating for Tullow Oil plc (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “outperform” rating reaffirmed by stock analysts at FirstEnergy Capital in a report issued on Friday. They currently have a GBX 1,170 ($19.42) target price on the stock. FirstEnergy Capital’s price objective would indicate a potential upside of 61.38% from the stock’s previous close.
Shares of Tullow Oil plc (LON:TLW) opened at 720.475 on Friday. Tullow Oil plc has a 1-year low of GBX 699.00 and a 1-year high of GBX 1089.00. The stock’s 50-day moving average is GBX 225.9 and its 200-day moving average is GBX 433.8. The company’s market cap is £6.558 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Westhouse Securities reiterated an “add” rating on shares of Tullow Oil plc in a research note on Friday. They now have a GBX 930 ($15.43) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Friday. They now have a GBX 1,125 ($18.67) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Tullow Oil plc from GBX 825 ($13.69) to GBX 650 ($10.79) in a research note on Tuesday. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the stock. Tullow Oil plc has an average rating of “Buy” and an average target price of GBX 1,031.77 ($17.12).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.