Tullow Oil (LON:TLW) Stock Price Down 12.3% – Here’s Why

Shares of Tullow Oil plc (LON:TLW) traded down 12.3% on Monday . The company traded as low as GBX 6.44 and last traded at GBX 7.11. 14,865,816 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 10,732,723 shares. The stock had previously closed at GBX 8.11.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TLW. Panmure Gordon dropped their target price 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. Jefferies Financial Group lowered their price target on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a research 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 company’s stock. Based on data from MarketBeat, Tullow Oil has an average rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Trading Down 1.8%

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31. The company has a fifty day simple moving average of GBX 6.53 and a 200-day simple moving average of GBX 9.18. The company has a market capitalization of £112.69 million, a PE ratio of -0.55, a PEG 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.