Tullow Oil (LON:TLW) Trading Up 11.4% – What’s Next?

Tullow Oil plc (LON:TLW)’s share price rose 11.4% during mid-day trading on Wednesday . The stock traded as high as GBX 8.98 and last traded at GBX 8.96. Approximately 5,212,370 shares were traded during trading, a decline of 47% from the average daily volume of 9,875,438 shares. The stock had previously closed at GBX 8.04.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Panmure Gordon dropped their price objective on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a report on Monday, November 24th. 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. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of GBX 12.85.

Tullow Oil Stock Up 10.1%

The firm has a 50-day moving average price of GBX 6.71 and a two-hundred day moving average price of GBX 8.92. The company has a market capitalization of £130.54 million, a P/E ratio of -0.63, a PEG ratio of -0.19 and a beta of 2.08. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -1,776.31.

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.