Tullow Oil plc 57% Potential Decrease Indicated by Jefferies International

Broker Ratings
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Tullow Oil plc with EPIC/TICKER (LON:TLW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ this morning by analysts at Jefferies International. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. Jefferies International have set their target price at 13 GBX on its stock. This indicates the analyst believes there is a potential downside of -57.0% from today’s opening price of 30.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 1.56 points and increased 3.2 points respectively. The 1 year high share price is 251.31 GBX while the 52 week low for the share price is 7.17 GBX.

Tullow Oil plc has a 50 day moving average of 30.32 GBX and the 200 Day Moving Average price is recorded at 71.44. There are currently 1,410,913,387 shares in issue with the average daily volume traded being 26,541,915. Market capitalisation for LON:TLW is £431,249,909 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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