Tullow Oil (LON:TLW) Stock Jumps 26.4% – Still a Buy?

Tullow Oil plc (LON:TLW) shares shot up 26.4% during trading on Monday. The company traded as high as GBX 9.86 and last traded at GBX 9.86. 65,689,945 shares traded hands during trading, an increase of 240% from the average session volume of 19,333,635 shares. The stock had previously closed at GBX 7.80.

Analysts Set New Price Targets

A number of research firms have recently commented on TLW. Canaccord Genuity Group raised their price target on Tullow Oil from GBX 14 to GBX 15 and gave the stock a “hold” rating in a research report on Friday, August 14th. Peel Hunt reiterated a “buy” rating and set a GBX 24 target price on shares of Tullow Oil in a report on Wednesday, August 5th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 7 price objective on shares of Tullow Oil in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 12.85.

Tullow Oil Stock Up 26.4%

The company has a debt-to-equity ratio of -543.66, a quick ratio of 0.63 and a current ratio of 0.97. The stock’s fifty day simple moving average is GBX 18.39 and its 200-day simple moving average is GBX 15.40. The stock has a market cap of £149.38 million, a P/E ratio of 24.65, a P/E/G ratio of -0.19 and a beta of 0.55.

About Tullow Oil

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.