Tullow Oil plc 31% Potential Upside Indicated by RBC Capital Markets

Broker Ratings

Tullow Oil plc using EPIC/TICKER code (LON:TLW) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘SECTOR PERFORMER’ 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 175 GBX on its stock. This would imply the analyst believes there is now a potential upside of 31.0% from today’s opening price of 133.55 GBX. Over the last 30 and 90 trading days the company share price has decreased 83.85 points and decreased 81.45 points respectively. The 1 year high share price is 254.71 GBX while the year low share price is currently 130.95 GBX.

Tullow Oil plc has a 50 day moving average of 191.47 GBX and a 200 day moving average of 212.78. There are currently 1,406,580,311 shares in issue with the average daily volume traded being 8,749,869. Market capitalisation for LON:TLW is £1,944,597,279 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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