Tullow Oil plc 5.1% Potential Decrease Indicated by Morgan Stanley

Broker Ratings

Tullow Oil plc with EPIC/TICKER (LON:TLW) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ this morning by analysts at Morgan Stanley. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. Morgan Stanley have set a target price of 24 GBX on its stock. This would indicate that the analyst believes there is a downside of -5.1% from today’s opening price of 25.29 GBX. Over the last 30 and 90 trading days the company share price has increased 0.45 points and decreased 6.8 points respectively. The 1 year high stock price is 251.31 GBX while the year low stock price is currently 7.17 GBX.

Tullow Oil plc has a 50 day moving average of 23.48 GBX and a 200 Day Moving Average share price is recorded at 98.79. There are currently 1,410,331,504 shares in issue with the average daily volume traded being 31,823,103. Market capitalisation for LON:TLW is £373,737,848 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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