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

Broker Ratings
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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 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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