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

Tullow Oil plc (LON:TLW)’s stock price dropped 32.1% during trading on Saturday . The stock traded as low as GBX 5.22 and last traded at GBX 5.79. Approximately 495,658,688 shares were traded during mid-day 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

TLW has been the subject of a number of recent research reports. Jefferies Financial Group reduced their price objective on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research note on Monday, October 20th. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research note on Friday, September 5th. Finally, Canaccord Genuity Group reduced their price target on Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Tullow Oil presently has an average rating of “Hold” and an average price target 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 PE ratio of -0.41, a PEG ratio of -0.19 and a beta of 2.08. The stock has a 50-day moving average price of GBX 9.87 and a 200 day moving average price of GBX 12.70.

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.