Tullow Oil (LON:TLW) Stock Price Up 6.6% – Time to Buy?

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

Analyst Ratings Changes

TLW has been the topic of a number of recent research reports. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research note on Friday, September 5th. Panmure Gordon lowered their price target on shares of 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. Finally, Jefferies Financial Group cut their price objective on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a report on Monday, October 20th. One investment 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.com, the stock presently has an average rating of “Reduce” and a consensus target price of GBX 12.85.

Tullow Oil Trading Up 6.6%

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 business has a 50-day simple moving average of GBX 7.45 and a 200-day simple moving average of GBX 11.08. 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

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.