Tullow Oil plc 25.9% Potential Upside Indicated by Barclays Capital

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 ‘OVERWEIGHT’ this morning by analysts at Barclays Capital. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set a target price of 80 GBX on its stock. This is indicating the analyst believes there is a potential upside of 25.9% from today’s opening price of 63.56 GBX. Over the last 30 and 90 trading days the company share price has decreased 86.09 points and decreased 186.44 points respectively. The 52 week high for the stock is 254.71 GBX while the 52 week low is 38.05 GBX.

Tullow Oil plc has a 50 day moving average of 177.38 GBX and a 200 Day Moving Average share price is recorded at 208.86. There are currently 1,406,580,311 shares in issue with the average daily volume traded being 24,689,266. Market capitalisation for LON:TLW is £966,883,275 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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