Tullow Oil (LON:TLW) Stock Price Down 7% – Time to Sell?

Tullow Oil plc (LON:TLW) shares traded down 7% during trading on Friday . The company traded as low as GBX 9.67 and last traded at GBX 9.77. 50,013,082 shares were traded during mid-day trading, an increase of 290% from the average session volume of 12,808,224 shares. The stock had previously closed at GBX 10.50.

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Analyst Ratings Changes

Separately, Panmure Gordon dropped their target price on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of GBX 12.85.

Tullow Oil Price Performance

The firm’s fifty day simple moving average is GBX 7.05 and its 200-day simple moving average is GBX 8.72. The firm has a market capitalization of £147.35 million, a PE ratio of -0.71, a PEG ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31.

About Tullow Oil

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.