Tullow Oil (LON:TLW) Trading Down 7.8% – Should You Sell?

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TLW. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a research report on Friday, September 5th. Jefferies Financial Group lowered their price target 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, Panmure Gordon cut 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. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tullow Oil has an average rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Trading Up 2.2%

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

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.