Tullow Oil plc 32.4% Potential Upside Indicated by Goldman Sachs

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 ‘BUY’ today by analysts at Goldman Sachs. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. Goldman Sachs have set their target price at 183 GBX on its stock. This now indicates the analyst believes there is a possible upside of 32.4% from today’s opening price of 138.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 69.2 points and decreased 75.8 points respectively. The 1 year high stock price is 254.71 GBX while the year low stock price is currently 137.7 GBX.

Tullow Oil plc has a 50 day moving average of 210.68 GBX and a 200 day moving average of 217.30. There are currently 1,405,843,564 shares in issue with the average daily volume traded being 7,998,198. Market capitalisation for LON:TLW is £1,970,570,897 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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