Tullow Oil’s (TLW) “Top Pick” Rating Reiterated at Barclays

Barclays reissued their top pick rating on shares of Tullow Oil (LON:TLW) in a research note released on Monday morning, Digital Look reports. They currently have a GBX 290 ($3.79) target price on the stock.

Other analysts have also issued reports about the stock. Goldman Sachs Group restated a conviction-buy rating on shares of Tullow Oil in a report on Tuesday. Morgan Stanley lowered shares of Tullow Oil to an equal weight rating and reduced their price objective for the company from GBX 276 ($3.61) to GBX 252 ($3.29) in a report on Tuesday, June 11th. Jefferies Financial Group upgraded shares of Tullow Oil to a buy rating and set a GBX 245 ($3.20) price objective on the stock in a report on Friday, July 5th. Canaccord Genuity lowered shares of Tullow Oil to a speculative buy rating and reduced their price objective for the company from GBX 275 ($3.59) to GBX 260 ($3.40) in a report on Wednesday, July 31st. Finally, UBS Group restated a neutral rating on shares of Tullow Oil in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 261.96 ($3.42).

Shares of TLW stock opened at GBX 196.55 ($2.57) on Monday. The company’s 50-day moving average price is GBX 199.92 and its 200-day moving average price is GBX 216.03. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 170.48. The stock has a market cap of $2.78 billion and a price-to-earnings ratio of 21.13. Tullow Oil has a twelve month low of GBX 163.30 ($2.13) and a twelve month high of GBX 273.90 ($3.58).

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

Read More: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Tullow Oil (LON:TLW)

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