Tullow Oil (LON:TLW) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Tullow Oil plc (LON:TLW)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 9.95 and traded as high as GBX 17.26. Tullow Oil shares last traded at GBX 17.15, with a volume of 8,124,767 shares changing hands.

Wall Street Analyst Weigh In

TLW has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their price objective on shares of Tullow Oil from GBX 13 to GBX 14 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Shore Capital Group reiterated a “hold” rating on shares of Tullow Oil in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Tullow Oil presently has a consensus rating of “Reduce” and an average target price of GBX 13.85.

Tullow Oil Stock Performance

The stock has a market cap of £252.92 million, a P/E ratio of 42.87, a PEG ratio of -0.19 and a beta of 0.43. The company has a debt-to-equity ratio of -892.65, a current ratio of 0.52 and a quick ratio of 0.63. The firm’s 50-day moving average price is GBX 13.76 and its 200-day moving average price is GBX 9.95.

Tullow Oil Company Profile

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.