Canaccord Genuity Group Issues Positive Forecast for Tullow Oil (LON:TLW) Stock Price

Tullow Oil (LON:TLW) had its price target boosted by Canaccord Genuity Group from GBX 7 to GBX 13 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the stock.

Separately, Panmure Gordon decreased 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 note on Monday, November 24th. One equities research 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, Tullow Oil has an average rating of “Reduce” and a consensus target price of GBX 13.60.

Tullow Oil Stock Up 4.5%

Shares of LON TLW opened at GBX 12.14 on Wednesday. Tullow Oil has a 1 year low of GBX 3.51 and a 1 year high of GBX 21.50. The firm has a 50-day simple moving average of GBX 7.97 and a two-hundred day simple moving average of GBX 8.67. The company has a market cap of £179.08 million, a P/E ratio of -0.87, a PEG ratio of -0.19 and a beta of 0.56. The company has a debt-to-equity ratio of -750.59, a current ratio of 0.55 and a quick ratio of 0.63.

About Tullow Oil

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.