Tullow Oil (LON:TLW) Trading 6.6% Higher – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on TLW shares. Jefferies Financial Group lowered their target price on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a research note on Monday, October 20th. Panmure Gordon decreased their price objective on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a report on Monday, November 24th. Finally, Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of GBX 12.85.

Check Out Our Latest Stock Analysis on TLW

Tullow Oil Price Performance

The company has a debt-to-equity ratio of -1,776.31, a quick ratio of 0.63 and a current ratio of 0.70. The company’s 50 day moving average price is GBX 7.45 and its 200-day moving average price is GBX 11.08. The company has a market cap of £90.12 million, a price-to-earnings ratio of -0.44, a PEG ratio of -0.19 and a beta of 2.08.

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.

Further Reading

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