Tullow Oil (LON:TLW) Shares Down 7.8% – Time to Sell?

Tullow Oil plc (LON:TLW)’s stock price fell 7.8% during trading on Monday . The company traded as low as GBX 5.65 and last traded at GBX 5.65. 13,464,423 shares changed hands during 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 Analyst Weigh In

TLW has been the subject of a number of research analyst reports. Shore Capital restated a “buy” rating on shares of Tullow Oil in a research report on Friday, September 5th. Jefferies Financial Group decreased their price target on 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, Panmure Gordon lowered 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. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Stock Down 7.8%

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 company has a market capitalization of £83.34 million, a PE ratio of -0.40, a P/E/G ratio of -0.19 and a beta of 2.08. The firm has a 50 day simple moving average of GBX 8.29 and a two-hundred day simple moving average of GBX 11.75.

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.