Tullow Oil plc 14.9% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings

Tullow Oil plc with EPIC/TICKER (LON:TLW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set their target price at 63 GBX on its stock. This is indicating the analyst believes there is a potential upside of 14.9% from today’s opening price of 54.82 GBX. Over the last 30 and 90 trading days the company share price has increased 2.16 points and decreased 152.18 points respectively. The 1 year high stock price is 254.71 GBX while the year low share price is currently 38.05 GBX.

Tullow Oil plc has a 50 day moving average of 120.37 GBX and a 200 Day Moving Average share price is recorded at 192.37. There are currently 1,407,897,951 shares in issue with the average daily volume traded being 32,236,820. Market capitalisation for LON:TLW is £805,599,224 GBP.

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    Tullow Oil 2023 performance and 2024 outlook with focus on cash flow generation

    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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