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Tullow Oil plc 20.8% potential upside indicated by RBC Capital Markets

Tullow-OilTullow Oil plc with EPIC/TICKER LON:TLW had its stock rating noted as ‘Retains’ with the recommendation being set at ‘OUTPERFORM’ Monday by analysts at RBC Capital Markets.


Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. RBC Capital Markets have set a target price of 290 GBX on its stock.

This is indicating, the analyst believes, there is a potential upside of 20.8% from the opening price of 240 GBX.

Over the last 30 and 90 trading days, the company share price has increased 46.8 points and increased 104.5 points, respectively.

Tullow Oil plc LON:TLW has a 50-day moving average of 205.00 GBX and a 200 Day Moving Average share price is recorded at 202.93 GBX.

The 52-week high for the stock is 456.9 GBX, while the 52-week low for the share price is 116.26 GBX.

There are currently 906,702,435 shares in issue with the average daily volume traded being 8,394,499. Market capitalisation for LON:TLW is £2,174,000,467 GBP.

Tullow Oil plc is an independent oil and gas exploration and production company. The Company is engaged in the exploration, development, production and sale of hydrocarbons. The Company is focused on finding and monetising oil in Africa and the Atlantic Margins.

The Company has produced an average of 100,000 barrels of oil per day in 2014. The Company has a portfolio of development assets in Ghana, Kenya and Uganda.

Source: http://classfmonline.com/1.8987038

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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