Tullow Oil (LON:TLW) Trading Down 32.1% – Should You Sell?

Tullow Oil plc (LON:TLW)’s share price traded down 32.1% during trading on Saturday . The company traded as low as GBX 5.22 and last traded at GBX 5.79. 495,658,688 shares changed hands during mid-day trading, an increase of 4,850% from the average session volume of 10,012,591 shares. The stock had previously closed at GBX 8.53.

Analyst Ratings Changes

A number of equities analysts recently commented on TLW shares. Canaccord Genuity Group dropped their price target on shares of Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating for the company in a research note on Thursday, August 7th. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research report on Friday, September 5th. Finally, Jefferies Financial Group cut their target price on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a research note on Monday, October 20th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 15.33.

Tullow Oil Stock Performance

The business has a fifty day simple moving average of GBX 9.87 and a two-hundred day simple moving average of GBX 12.70. 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 has a market cap of £84.88 million, a PE ratio of -0.41, a price-to-earnings-growth 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. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.