Tullow Oil plc 26.3% Potential Decrease Indicated by HSBC

Broker Ratings

Tullow Oil plc with EPIC/TICKER (LON:TLW) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘REDUCE’ this morning by analysts at HSBC. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set a target price of 50 GBX on its stock. This indicates the analyst believes there is a potential downside of -26.3% from today’s opening price of 67.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 75.85 points and decreased 175.6 points respectively. The 1 year high share price is 254.71 GBX while the year low stock price is currently 38.05 GBX.

Tullow Oil plc has a 50 day moving average of 172.34 GBX and a 200 day moving average of 207.32. There are currently 1,406,580,311 shares in issue with the average daily volume traded being 27,106,180. Market capitalisation for LON:TLW is £882,207,188 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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