Tullow Oil (LON:TLW) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Tullow Oil (LON:TLW) to a buy rating in a report released on Monday morning, Digital Look reports. The brokerage currently has GBX 240 ($3.14) price target on the stock, up from their previous price target of GBX 230 ($3.01).

TLW has been the topic of a number of other research reports. HSBC began coverage on shares of Tullow Oil in a research report on Tuesday, May 28th. They set a hold rating and a GBX 220 ($2.87) price objective on the stock. UBS Group reissued a neutral rating on shares of Tullow Oil in a research report on Thursday, July 25th. Jefferies Financial Group raised shares of Tullow Oil to a buy rating and set a GBX 245 ($3.20) price objective on the stock in a research report on Friday, July 5th. JPMorgan Chase & Co. lowered their target price on shares of Tullow Oil from GBX 292 ($3.82) to GBX 288 ($3.76) and set an overweight rating on the stock in a report on Wednesday, April 17th. Finally, Canaccord Genuity lowered shares of Tullow Oil to a speculative buy rating and lowered their target price for the stock from GBX 275 ($3.59) to GBX 260 ($3.40) in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Tullow Oil 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 stock has a market capitalization of $2.78 billion and a PE ratio of 21.13. The company’s 50-day moving average is GBX 199.92 and its 200-day moving average is GBX 216.03. 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 1 year low of GBX 163.30 ($2.13) and a 1 year high of GBX 273.90 ($3.58).

The firm also recently announced 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 dividend yield of 0.93%. Tullow Oil’s dividend payout ratio 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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