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

by · The Cerbat Gem

Tullow Oil plc (LON:TLW – Get Free Report)’s share price rose 6.6% during trading on Monday . The stock traded as high as GBX 6.28 and last traded at GBX 6.11. Approximately 6,465,417 shares traded hands during trading, a decline of 39% from the average daily volume of 10,522,629 shares. The stock had previously closed at GBX 5.73.

Wall Street Analyst Weigh In

TLW has been the topic of several recent research reports. Jefferies Financial Group reduced their price target on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research report on Monday, October 20th. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research note on Friday, September 5th. Finally, Panmure Gordon dropped their price target 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. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of GBX 12.85.

View Our Latest Stock Report on Tullow Oil

Tullow Oil Trading Up 6.6%

The firm has a market capitalization of £90.12 million, a price-to-earnings ratio of -0.44, a P/E/G ratio of -0.19 and a beta of 2.08. The business has a 50-day moving average of GBX 7.39 and a two-hundred day moving average of GBX 10.99. 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.

About Tullow Oil

(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.

See Also