Berenberg Bank Boosts Tullow Oil (LON:TLW) Price Target to GBX 260

Tullow Oil (LON:TLW) had its price objective increased by Berenberg Bank from GBX 240 ($3.14) to GBX 260 ($3.40) in a research report sent to investors on Monday, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Barclays reiterated an overweight rating on shares of Tullow Oil in a research report on Monday, September 9th. Canaccord Genuity upgraded Tullow Oil to a buy rating and lifted their price target for the company from GBX 260 ($3.40) to GBX 280 ($3.66) in a research report on Wednesday, August 21st. Morgan Stanley downgraded Tullow Oil to an equal weight rating and dropped their price target for the company from GBX 276 ($3.61) to GBX 252 ($3.29) in a research report on Tuesday, June 11th. Goldman Sachs Group dropped their price target on Tullow Oil from GBX 337 ($4.40) to GBX 326.60 ($4.27) and set a conviction-buy rating for the company in a research report on Thursday, August 15th. Finally, UBS Group reiterated a neutral rating on shares of Tullow Oil in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of GBX 263.20 ($3.44).

Shares of LON TLW opened at GBX 233.30 ($3.05) on Monday. Tullow Oil has a 52 week low of GBX 163.30 ($2.13) and a 52 week high of GBX 273.90 ($3.58). The business has a 50-day simple moving average of GBX 202.59 and a two-hundred day simple moving average of GBX 215.71. The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 170.48. The company has a market cap of $3.27 billion and a P/E ratio of 25.09.

The firm also recently declared a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, August 29th will be given 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 presently 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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