Tullow Oil (LON:TLW) Stock Price Down 32.1% – Time to Sell?

Tullow Oil plc (LON:TLW) fell 32.1% during trading on Friday . The company traded as low as GBX 5.22 and last traded at GBX 5.79. 495,658,688 shares were traded during mid-day trading, an increase of 4,850% from the average session volume of 10,012,591 shares. The stock had previously closed at GBX 8.53.

Analyst Ratings Changes

A number of research firms have recently weighed in on TLW. Jefferies Financial Group dropped their target price on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a report on Monday, October 20th. Shore Capital reaffirmed a “buy” rating on shares of Tullow Oil in a research report on Friday, September 5th. Finally, Canaccord Genuity Group dropped their price objective on shares of Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating for the company in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 15.33.

Tullow Oil Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31. The firm has a market capitalization of £84.88 million, a P/E ratio of -0.41, a PEG ratio of -0.19 and a beta of 2.08. The business’s 50 day moving average is GBX 9.87 and its 200-day moving average is GBX 12.70.

Tullow Oil Company Profile

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.