Tullow Oil plc 11.3% Potential Upside Indicated by HSBC

Broker Ratings
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Tullow Oil plc using EPIC/TICKER code (LON:TLW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at HSBC. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set their target price at 230 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 11.3% from today’s opening price of 206.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 2 points and decreased 18.3 points respectively. The 1 year high for the share price is 273.9 GBX while the year low stock price is currently 163.3 GBX.

Tullow Oil plc has a 50 day moving average of 205.41 GBX and the 200 Day Moving Average price is recorded at 211.92. There are currently 1,403,597,038 shares in issue with the average daily volume traded being 6,886,115. Market capitalisation for LON:TLW is £2,788,947,271 GBP.

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    Tullow Oil plc on track to achieve its free cash flow targets and has resolved operational issues. Financially, Tullow Oil has seen revenue growth and debt reduction.

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