Tullow Oil plc 114.2% Potential Upside Indicated by Barclays Capital

The stock had a trading volume of 91,519 shares.

Tullow Oil Plc (LON:TLW) announced today that its lending banks have chose to maintain the firm’s available credit capacity at $3.7 billion (£2.4 billion), following a routine half-annual reserve-based lend redetermination process. The company’s 50 day moving average is $1.48 and its 200 day moving average is $2.33.

According to data compiled by Thomson Reuters, Tullow Oil (LON:TLW)’s stock is covered by 29 equity analysts across the Street, with 5 analysts giving it a Sell rating, 13 a Buy rating, while 11 consider it a Hold.

A number of other analysts also recently weighed in on TUWLF.

SP Angel reaffirmed their buy rating on shares of Union Jack Oil PLC (LON:UJO) in a research note issued to investors on Monday, MarketBeat reports. The 52 week high for the stock is 643.89 GBX while the 52 week low for the share price is 153.5 GBX.

Tullow Oil plc is an independent gas and oil exploration and production company. JPMorgan Chase & Co. reiterated a neutral rating on shares of Tullow Oil plc in a report on Thursday, July 2nd. The Company is engaged in the exploration, development, creation and sale of hydrocarbons. The Company is focused on finding and monetizing oil in Africa and the Atlantic Margins. The Organization has interests in over 130 investigation and production licenses across 22 countries that are managed as three regional business units: West & North Africa, South & East Africa and Europe, South America and Asia. Generating such significant liquidity at this time reflects our prudent hedging programme and the quality of our producing and development assets.