Tullow Oil (LON:TLW) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reiterated their buy rating on shares of Tullow Oil (LON:TLW) in a report published on Monday, Digital Look reports. The brokerage currently has a GBX 250 ($3.27) target price on the stock.

TLW has been the topic of several other reports. Goldman Sachs Group cut their price target on shares of Tullow Oil from GBX 337 ($4.40) to GBX 326.60 ($4.27) and set a conviction-buy rating on the stock in a report on Thursday, August 15th. HSBC upped their price target on shares of Tullow Oil from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the company a hold rating in a report on Thursday, August 15th. Royal Bank of Canada reaffirmed an outperform rating on shares of Tullow Oil in a report on Thursday, September 12th. Canaccord Genuity raised shares of Tullow Oil to a buy rating and upped their price target for the company from GBX 260 ($3.40) to GBX 280 ($3.66) in a report on Wednesday, August 21st. Finally, Berenberg Bank raised shares of Tullow Oil to a buy rating and upped their price target for the company from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tullow Oil currently has a consensus rating of Buy and a consensus target price of GBX 263.20 ($3.44).

TLW opened at GBX 232.80 ($3.04) on Monday. The stock has a market capitalization of $3.27 billion and a PE ratio of 25.03. The firm’s fifty day moving average price is GBX 203.24 and its 200 day moving average price is GBX 215.76. The company has a debt-to-equity ratio of 170.48, a current ratio of 1.70 and a quick ratio of 0.85. Tullow Oil has a 12-month low of GBX 163.30 ($2.13) and a 12-month high of GBX 273.90 ($3.58).

The firm also recently announced a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 0.93%. Tullow Oil’s dividend payout ratio (DPR) is 0.43%.

Tullow Oil Company Profile

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 87 licenses covering 267,649 square kilometers in 17 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Tullow Oil (LON:TLW)

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