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

Tullow Oil plc (LON:TLW) traded down 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 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.

Analysts Set New Price Targets

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

Tullow Oil Stock Down 7.8%

The stock has a market cap of £83.34 million, a price-to-earnings ratio of -0.40, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The firm’s fifty day moving average price is GBX 8.29 and its two-hundred day moving average price is GBX 11.75. 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.

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.