Tullow Oil plc 17.1% Potential Upside Indicated by Citigroup

Broker Ratings

Tullow Oil plc with EPIC/TICKER (LON:TLW) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Citigroup. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. Citigroup have set a target price of 165 GBX on its stock. This now indicates the analyst believes there is a possible upside of 17.1% from the opening price of 140.95 GBX. Over the last 30 and 90 trading days the company share price has decreased 69.95 points and decreased 67.05 points respectively. The 1 year high stock price is 254.71 GBX while the year low stock price is currently 137.7 GBX.

Tullow Oil plc has a 50 day moving average of 208.90 GBX and a 200 Day Moving Average share price is recorded at 216.86. There are currently 1,405,843,564 shares in issue with the average daily volume traded being 8,167,432. Market capitalisation for LON:TLW is £2,015,276,834 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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