Tullow Oil (LON:TLW) Hits New 12-Month High – What’s Next?

Tullow Oil plc (LON:TLW) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 25 and last traded at GBX 24.15, with a volume of 8328437 shares. The stock had previously closed at GBX 24.65.

Wall Street Analyst Weigh In

TLW has been the subject of several analyst reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 24 price objective on shares of Tullow Oil in a research note on Wednesday, August 5th. Canaccord Genuity Group boosted 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. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Tullow Oil has a consensus rating of “Reduce” and a consensus target price of GBX 12.60.

Tullow Oil Stock Performance

The company has a debt-to-equity ratio of -892.65, a current ratio of 0.52 and a quick ratio of 0.63. The firm has a fifty day simple moving average of GBX 17.24 and a 200 day simple moving average of GBX 14.93. The company has a market cap of £326.84 million, a price-to-earnings ratio of 53.93, a P/E/G ratio of -0.19 and a beta of 0.55.

Tullow Oil Company Profile

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.