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

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Barclays reiterated their top pick rating on shares of Tullow Oil (LON:TLW) in a report released on Monday morning, Digital Look reports. The brokerage currently has a GBX 290 ($3.79) price objective on the stock.

Other equities research analysts also recently issued reports about the company. HSBC assumed coverage on Tullow Oil in a report on Tuesday, May 28th. They issued a hold rating and a GBX 220 ($2.87) price objective for the company. Morgan Stanley downgraded Tullow Oil to an equal weight rating and decreased their price objective for the company from GBX 276 ($3.61) to GBX 252 ($3.29) in a report on Tuesday, June 11th. Goldman Sachs Group reissued a conviction-buy rating on shares of Tullow Oil in a report on Tuesday. UBS Group reissued a neutral rating on shares of Tullow Oil in a report on Thursday, July 25th. Finally, Berenberg Bank raised Tullow Oil to a buy rating and increased their price objective for the company from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Monday. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 261.96 ($3.42).

TLW stock opened at GBX 196.55 ($2.57) on Monday. The company has a market capitalization of $2.78 billion and a P/E 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 has a 50 day simple moving average of GBX 199.92 and a 200-day simple moving average of 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 business also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, August 29th will be issued a dividend of $0.02 per share. This represents a dividend yield of 0.93%. The ex-dividend date is Thursday, August 29th. Tullow Oil’s dividend payout ratio is presently 0.43%.

About Tullow Oil

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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