Barclays reissued their overweight rating on shares of Tullow Oil (LON:TLW) in a report published on Monday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also commented on TLW. UBS Group reaffirmed a neutral rating on shares of Tullow Oil in a report on Thursday, July 25th. Morgan Stanley lowered shares of Tullow Oil to an equal weight rating and lowered their target price for the stock from GBX 276 ($3.61) to GBX 252 ($3.29) in a report on Tuesday, June 11th. Berenberg Bank raised shares of Tullow Oil to a buy rating and lifted their target price for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Monday, August 12th. Jefferies Financial Group raised shares of Tullow Oil to a buy rating and set a GBX 245 ($3.20) target price for the company in a report on Friday, July 5th. Finally, Canaccord Genuity raised shares of Tullow Oil to a buy rating and lifted their target price for the stock from GBX 260 ($3.40) to GBX 280 ($3.66) in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 262.63 ($3.43).

Shares of Tullow Oil stock opened at GBX 222.50 ($2.91) on Monday. The company has a debt-to-equity ratio of 170.48, a current ratio of 1.70 and a quick ratio of 0.85. The firm has a market cap of $3.21 billion and a P/E ratio of 23.92. The firm has a 50 day simple moving average of GBX 199.46 and a 200 day simple moving average of GBX 215.57. Tullow Oil has a fifty-two week low of GBX 163.30 ($2.13) and a fifty-two week 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. This represents a yield of 0.93%. The ex-dividend date of this dividend is Thursday, August 29th. 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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