Tullow Oil (LON:TLW) Trading Down 7.8% – What’s Next?

Tullow Oil plc (LON:TLW) fell 7.8% on Monday . The stock traded as low as GBX 5.65 and last traded at GBX 5.65. 13,464,423 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 10,798,421 shares. The stock had previously closed at GBX 6.13.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Panmure Gordon reduced their price target on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research report on Monday, November 24th. Jefferies Financial Group cut their target price on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a research note on Monday, October 20th. Finally, Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Stock Up 2.2%

The firm has a market cap of £87.76 million, a PE ratio of -0.43, a PEG ratio of -0.19 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31. The firm has a 50 day moving average price of GBX 8.19 and a 200-day moving average price of GBX 11.69.

About Tullow Oil

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.