Tullow Oil (LON:TLW) Stock Price Down 32% – Should You Sell?

Tullow Oil plc (LON:TLW)’s share price fell 32% during trading on Friday . The company traded as low as GBX 5.22 and last traded at GBX 5.80. 255,232,719 shares traded hands during trading, an increase of 2,751% from the average session volume of 8,953,445 shares. The stock had previously closed at GBX 8.53.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TLW. Jefferies Financial Group cut their price target on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a report on Monday, October 20th. Canaccord Genuity Group cut their target price on shares of Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating on the stock in a research note on Thursday, August 7th. Finally, Shore Capital reissued a “buy” rating on shares of Tullow Oil in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Tullow Oil currently has a consensus rating of “Hold” and a consensus target price of GBX 15.33.

Tullow Oil Stock Down 33.8%

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 stock’s 50-day moving average price is GBX 9.96 and its two-hundred day moving average price is GBX 12.75. The stock has a market capitalization of £82.74 million, a PE ratio of -0.40, 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. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.