Tullow Oil (LON:TLW) Stock Price Up 6.6% – What’s Next?

Tullow Oil plc (LON:TLWGet Free Report) shares traded up 6.6% during trading on Monday . The stock traded as high as GBX 6.28 and last traded at GBX 6.11. 6,465,417 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 10,522,629 shares. The stock had previously closed at GBX 5.73.

Analyst Upgrades and Downgrades

TLW has been the topic of a number of recent analyst reports. Panmure Gordon decreased their target price on 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. Shore Capital reaffirmed a “buy” rating on shares of Tullow Oil in a report on Friday, September 5th. Finally, Jefferies Financial Group dropped 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 research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of GBX 12.85.

Get Our Latest Research Report on Tullow Oil

Tullow Oil Stock Up 6.6%

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 has a fifty day simple moving average of GBX 7.39 and a two-hundred day simple moving average of GBX 10.99. The company has a market cap of £90.12 million, a PE ratio of -0.44, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08.

Tullow Oil Company Profile

(Get Free Report)

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. Tullow’s operations are focused on its core producing assets in Ghana. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030, with a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.

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