Tullow Oil plc 17.1% Potential Upside Indicated by Citigroup

Broker Ratings
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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 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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