Tullow Oil (LON:TLW) Trading Up 6.6% – Time to Buy?

Tullow Oil plc (LON:TLWGet Free Report) shares shot up 6.6% on Monday . The company traded as high as GBX 6.28 and last traded at GBX 6.11. 6,465,417 shares were traded during mid-day trading, a decline of 39% from the average session volume of 10,522,629 shares. The stock had previously closed at GBX 5.73.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TLW. Panmure Gordon dropped their price target on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a research report on Monday, November 24th. Jefferies Financial Group dropped their target price on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a report on Monday, October 20th. Finally, Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a report on Friday, September 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of GBX 12.85.

Get Our Latest Analysis on Tullow Oil

Tullow Oil Stock Up 6.6%

The stock has a market capitalization of £90.12 million, a price-to-earnings ratio of -0.44, a PEG ratio of -0.19 and a beta of 2.08. 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 business has a fifty day moving average of GBX 7.39 and a 200 day moving average of GBX 10.99.

About Tullow Oil

(Get Free Report)

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.

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