Tullow Oil’s (TLW) Neutral Rating Reiterated at UBS Group

UBS Group reissued their neutral rating on shares of Tullow Oil (LON:TLW) in a research note issued to investors on Monday morning, investing.thisismoney.co.uk reports. UBS Group currently has a GBX 220 ($2.87) target price on the stock, up from their previous target price of GBX 200 ($2.61).

Other analysts have also issued research reports about the company. Morgan Stanley lowered their target price on Tullow Oil from GBX 355 ($4.64) to GBX 265 ($3.46) and set an overweight rating on the stock in a report on Tuesday, January 15th. Jefferies Financial Group raised Tullow Oil to a buy rating and set a GBX 290 ($3.79) target price on the stock in a report on Monday, October 22nd. Barclays reaffirmed an overweight rating on shares of Tullow Oil in a report on Tuesday, December 18th. JPMorgan Chase & Co. raised their target price on Tullow Oil from GBX 278 ($3.63) to GBX 292 ($3.82) and gave the company an overweight rating in a report on Tuesday, November 20th. Finally, Berenberg Bank began coverage on Tullow Oil in a report on Thursday, November 1st. They issued a hold rating and a GBX 240 ($3.14) target price on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 252.51 ($3.30).

TLW opened at GBX 220 ($2.87) on Monday. Tullow Oil has a 12-month low of GBX 142.30 ($1.86) and a 12-month high of GBX 243 ($3.18).

The company also recently disclosed a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.05 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, April 4th.

About Tullow Oil

Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 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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