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Tullow Oil plc 24% Potential Decrease Indicated by Jefferies International

Tullow Oil plc with EPIC/TICKER LON:TLW had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ today 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 250 GBX on its stock. This now indicates the analyst believes there is a potential downside of 24% from the opening price of 329 GBX. Over the last 30 and 90 trading days the company share price has increased 3 points and increased 59.2 points respectively.

 
Tullow Oil plc LON:TLW has a 50 day moving average of 298.74 GBX and a 200 Day Moving Average share price is recorded at 256.60 GBX. The 1 year high stock price is 346.2 GBX while the 52 week low is 116.26 GBX. There are currently 925,378,897 shares in issue with the average daily volume traded being 5,986,952. Market capitalisation for LON:TLW is £3,033,391,911 GBP.

 

Tullow Oil plc is an independent oil and gas exploration and production company. The Company focuses on finding and monetizing oil in Africa and the Atlantic Margins. The Company operates through segments, including West Africa, East Africa and New Ventures. It has a portfolio of approximately 120 licenses across over 20 countries, which are managed under West Africa Business, East Africa Business and New Ventures Business.


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