Tullow Oil plc 6% Potential Upside Indicated by HSBC

Broker Ratings

Tullow Oil plc using EPIC/TICKER code (LON:TLW) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘HOLD’ today by analysts at HSBC. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set their target price at 220 GBX on its stock. This now indicates the analyst believes there is a possible upside of 6.0% from today’s opening price of 207.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 16.2 points and decreased 12.5 points respectively. The 1 year high for the share price is 273.9 GBX while the year low share price is currently 163.3 GBX.

Tullow Oil plc has a 50 day moving average of 234.56 GBX and a 200 Day Moving Average share price is recorded at 222.31. There are currently 1,402,491,416 shares in issue with the average daily volume traded being 5,949,219. Market capitalisation for LON:TLW is £2,898,949,714 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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