Tullow Oil plc 18.3% Potential Decrease Indicated by RBC Capital Markets

Broker Ratings

Tullow Oil plc using EPIC/TICKER code (LON:TLW) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at RBC Capital Markets. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. RBC Capital Markets have set their target price at 25 GBX on its stock. This is indicating the analyst believes there is a potential downside of -18.3% from today’s opening price of 30.6 GBX. Over the last 30 and 90 trading days the company share price has increased 5.06 points and increased 19.85 points respectively. The 1 year high share price is 251.31 GBX while the 52 week low is 7.17 GBX.

Tullow Oil plc has a 50 day moving average of 26.74 GBX and a 200 day moving average of 92.34. There are currently 1,410,331,504 shares in issue with the average daily volume traded being 29,304,981. Market capitalisation for LON:TLW is £462,306,649 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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