Tullow Oil (LON:TLW) Trading Up 23.1% – Should You Buy?

Shares of Tullow Oil plc (LON:TLW) rose 23.1% during mid-day trading on Thursday . The stock traded as high as GBX 10.90 and last traded at GBX 10.50. Approximately 63,336,352 shares changed hands during mid-day trading, an increase of 439% from the average daily volume of 11,745,229 shares. The stock had previously closed at GBX 8.53.

Key Headlines Impacting Tullow Oil

Here are the key news stories impacting Tullow Oil this week:

• Neutral Sentiment: Please paste the full article text or provide links to each article you want summarized.
• Neutral Sentiment: If you want prioritization, indicate which items are most important (e.g., corporate announcement, production update, asset sale, takeover rumor).
• Neutral Sentiment: I will produce an investor-focused summary (company name and ticker: Tullow Oil plc — TLW), explain why the stock moved, and list the specific bullish/neutral/bearish impacts with links to the source articles.

Analysts Set New Price Targets

Separately, Panmure Gordon reduced their target price on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of GBX 12.85.

Tullow Oil Price Performance

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. The company’s 50-day moving average price is GBX 7.05 and its 200-day moving average price is GBX 8.72. The company has a market cap of £154.88 million, a P/E ratio of -0.75, a P/E/G ratio of -0.19 and a beta of 2.08.

About Tullow Oil

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.