Tullow Oil (LON:TLW) Trading Down 12.3% – Time to Sell?

Tullow Oil plc (LON:TLW)’s share price traded down 12.3% on Monday . The stock traded as low as GBX 6.44 and last traded at GBX 7.11. 14,865,816 shares were traded during 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 Analysts Forecast Growth

Several research firms recently commented on TLW. Jefferies Financial Group cut their target price on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research report on Monday, October 20th. Panmure Gordon dropped their price objective on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a research note on Monday, November 24th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tullow Oil presently has a consensus rating of “Reduce” and an average target price of GBX 12.85.

Tullow Oil Trading Down 12.3%

The business has a 50 day moving average of GBX 6.34 and a 200 day moving average of GBX 9.31. The company has a debt-to-equity ratio of -1,776.31, a current ratio of 0.70 and a quick ratio of 0.63. The firm has a market capitalization of £104.87 million, a price-to-earnings ratio of -0.51, 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.