Tullow Oil plc 93.4% potential upside indicated by Canaccord Genuity

Tullow Oil plc with ticker (LON:TLW) now has a potential upside of 93.4% according to Canaccord Genuity.



Canaccord Genuity set a target price of 54 GBX for the company, which when compared to the Tullow Oil plc share price of 28 GBX at opening today (30/03/2023) indicates a potential upside of 93.4%. Trading has ranged between 26 (52 week low) and 62 (52 week high) with an average of 5,783,193 shares exchanging hands daily. The market capitalisation at the time of writing is £443,712,329.

Tullow Oil plc is a United Kingdom-based independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. The Company operates through four segments: Ghana, Non-operated, Kenya and Exploration. Its non-operated producing assets include Uganda. Its production assets are in West Africa, with offshore production from Ghana, Gabon and Cote d’Ivoire. The Company has interests in over 50 exploration and production licenses across 11 countries in Africa and South America, which include Cote d’Ivoire, Gabon, Ghana, Kenya, Mauritania, United Kingdom, Argentina and Guyana. The Company’s subsidiaries include Hardman Oil and Gas Pty Ltd, Hardman Resources Pty Ltd, Tullow Mozambique Limited, Tullow Oil SPE Limited, Planet Oil International Limited, Tullow Congo Limited, Tullow Uganda Holdings Pty Ltd, Tullow Gabon Holdings Limited and Tullow Oil Limited.