Tullow Oil plc 7.7% Potential Decrease Indicated by UBS

Broker Ratings

Tullow Oil plc using EPIC/TICKER code (LON:TLW) had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at UBS. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. UBS have set their target price at 60 GBX on its stock. This indicates the analyst believes there is a potential downside of -7.7% from today’s opening price of 65 GBX. Over the last 30 and 90 trading days the company share price has decreased 75.4 points and decreased 169.2 points respectively. The 1 year high share price is 254.71 GBX while the 52 week low for the share price is 38.05 GBX.

Tullow Oil plc has a 50 day moving average of 164.12 GBX and a 200 day moving average of 204.85. There are currently 1,406,580,311 shares in issue with the average daily volume traded being 31,432,210. Market capitalisation for LON:TLW is £916,809,051 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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