Tullow Oil (LON:TLW) Trading Down 32.1% – Should You Sell?

Tullow Oil plc (LON:TLW) was down 32.1% on Friday . The stock traded as low as GBX 5.22 and last traded at GBX 5.79. Approximately 495,658,688 shares traded hands during trading, an increase of 4,850% from the average daily volume of 10,012,591 shares. The stock had previously closed at GBX 8.53.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a research note on Friday, September 5th. Canaccord Genuity Group cut their price objective on shares of Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating on the stock in a report on Thursday, August 7th. Finally, Jefferies Financial Group decreased their target price on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 15.33.

Tullow Oil Stock Down 32.1%

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

About Tullow Oil

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.