Tullow Oil (LON:TLW) Trading 23.1% Higher – Here’s Why

Tullow Oil plc (LON:TLW) shares traded up 23.1% on Thursday . The stock traded as high as GBX 10.90 and last traded at GBX 10.50. 63,336,352 shares were traded during trading, an increase of 439% from the average session volume of 11,745,229 shares. The stock had previously closed at GBX 8.53.

Tullow Oil News Roundup

Here are the key news stories impacting Tullow Oil this week:

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Analysts Set New Price Targets

Separately, Panmure Gordon reduced their price target on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of GBX 12.85.

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 has a 50-day moving average of GBX 6.96 and a 200-day moving average of GBX 8.71. The stock has a market capitalization of £154.88 million, a price-to-earnings ratio of -0.75, a P/E/G 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.