Tullow Oil plc 63.4% Potential Upside Indicated by Goldman Sachs

Broker Ratings

Tullow Oil plc with EPIC/TICKER (LON:TLW) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘CONVICTION BUY’ this morning 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 337 GBX on its stock. This is indicating the analyst believes there is a potential upside of 63.4% from the opening price of 206.3 GBX. Over the last 30 and 90 trading days the company share price has decreased 19 points and decreased 16.5 points respectively. The 1 year high for the stock price is 273.9 GBX while the 52 week low for the stock is 163.3 GBX.

Tullow Oil plc has a 50 day moving average of 233.26 GBX and the 200 Day Moving Average price is recorded at 222.12. There are currently 1,402,491,416 shares in issue with the average daily volume traded being 5,847,208. Market capitalisation for LON:TLW is £2,922,792,025 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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