Tullow Oil plc 31.6% Potential Upside Indicated by RBC Capital Markets

Broker Ratings
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Tullow Oil plc using EPIC/TICKER code (LON:TLW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ 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 a target price of 280 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 31.6% from the opening price of 212.7 GBX. Over the last 30 and 90 trading days the company share price has increased 11.5 points and decreased 29.1 points respectively. The 52 week high share price is 273.9 GBX while the 52 week low for the stock is 163.3 GBX.

Tullow Oil plc has a 50 day moving average of 217.04 GBX and a 200 day moving average of 219.27. There are currently 1,402,857,564 shares in issue with the average daily volume traded being 6,531,698. Market capitalisation for LON:TLW is £2,930,569,365 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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