Canaccord Genuity Group Boosts Tullow Oil (LON:TLW) Price Target to GBX 13

Tullow Oil (LON:TLW) had its price target raised by Canaccord Genuity Group from GBX 7 to GBX 13 in a report issued on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 4.84% from the stock’s current price.

Separately, Panmure Gordon cut their target price 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of GBX 13.60.

Tullow Oil Trading Down 10.7%

TLW traded down GBX 1.48 during trading on Wednesday, reaching GBX 12.40. 36,008,512 shares of the stock traded hands, compared to its average volume of 13,640,587. The company has a quick ratio of 0.63, a current ratio of 0.55 and a debt-to-equity ratio of -750.59. The stock’s 50-day moving average is GBX 7.85 and its 200 day moving average is GBX 8.65. Tullow Oil has a 12 month low of GBX 3.51 and a 12 month high of GBX 21.50. The stock has a market capitalization of £182.90 million, a PE ratio of -0.89, a P/E/G ratio of -0.19 and a beta of 0.56.

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.