Peel Hunt initiated coverage on shares of Tullow Oil (LON:TLW) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm issued a buy rating and a GBX 250 ($3.27) price objective on the stock.

Several other research analysts have also commented on TLW. Jefferies Financial Group upgraded shares of Tullow Oil to a buy rating and set a GBX 245 ($3.20) price objective for the company in a report on Friday, July 5th. HSBC upped their price objective on shares of Tullow Oil from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the stock a hold rating in a report on Thursday, August 15th. Royal Bank of Canada restated an outperform rating on shares of Tullow Oil in a report on Tuesday, August 13th. Morgan Stanley lowered shares of Tullow Oil to an equal weight rating and decreased their price objective for the stock from GBX 276 ($3.61) to GBX 252 ($3.29) in a report on Tuesday, June 11th. Finally, Berenberg Bank upgraded shares of Tullow Oil to a buy rating and upped their price objective for the stock from GBX 230 ($3.01) to GBX 240 ($3.14) in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 262.63 ($3.43).

Shares of LON TLW opened at GBX 206.90 ($2.70) on Wednesday. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 170.48. Tullow Oil has a 12 month low of GBX 163.30 ($2.13) and a 12 month high of GBX 273.90 ($3.58). The firm has a market capitalization of $2.90 billion and a PE ratio of 22.25. The firm has a fifty day simple moving average of GBX 199.53 and a two-hundred day simple moving average of GBX 215.87.

The firm also recently announced a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, August 29th will be given a $0.02 dividend. 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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