Tullow Oil (LON:TLW) Trading Down 7.8% – Should You Sell?

Tullow Oil plc (LON:TLW) was down 7.8% during trading on Monday . The stock traded as low as GBX 5.65 and last traded at GBX 5.65. Approximately 13,464,423 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 10,798,421 shares. The stock had previously closed at GBX 6.13.

Wall Street Analysts Forecast Growth

TLW has been the subject of a number of recent analyst reports. Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a report on Friday, September 5th. Panmure Gordon decreased their price objective on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research report on Monday, November 24th. Finally, Jefferies Financial Group lowered their price objective on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research note on Monday, October 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31. The business’s 50 day moving average price is GBX 8.19 and its two-hundred day moving average price is GBX 11.69. The stock has a market cap of £87.76 million, a P/E ratio of -0.43, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

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.