Previous close | 29.06 |
Open | 29.54 |
Bid | 28.82 x 0 |
Ask | 28.96 x 0 |
Day's range | 28.70 - 29.65 |
52-week range | 21.82 - 39.94 |
Volume | |
Avg. volume | 4,550,577 |
Market cap | 419.505M |
Beta (5Y monthly) | 2.08 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 29 Aug 2019 |
1y target est | N/A |
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Tullow's (TUWOY) 2023 revenues increase 25% from the previous year's level. Free cash flows also exceed the prior-year figure. The company shows exceptionally well drilling performance despite setbacks in the Jubilee field.
The London-listed oil and gas explorer said the start-up of Jubilee South East offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations, adding that the year-end net debt was reduced by about $250 million to $1.6 billion. The energy firm said its 2023 working interest production averaged about 63 thousand barrels of oil equivalent per day (kboepd). Jefferies analysts wrote in a note that Tullow's production forecast was in line with their estimates, and the focus would likely turn to Ghana output expectations once a drilling break occurs after this year's five-well Jubilee programme.