Tullow Oil (LON:TLW) Trading 6.6% Higher – Still a Buy?

Tullow Oil plc (LON:TLWGet Free Report) shot up 6.6% during trading on Monday . The stock traded as high as GBX 6.28 and last traded at GBX 6.11. 6,465,417 shares changed hands during trading, a decline of 39% from the average session volume of 10,522,629 shares. The stock had previously closed at GBX 5.73.

Wall Street Analysts Forecast Growth

TLW has been the topic of a number of analyst reports. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a research note on Friday, September 5th. Jefferies Financial Group decreased their target price on shares of Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a report on Monday, October 20th. Finally, Panmure Gordon dropped their target price 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of GBX 12.85.

Read Our Latest Stock Analysis on TLW

Tullow Oil Stock Up 6.6%

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. The firm has a market capitalization of £90.12 million, a PE ratio of -0.44, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The business’s 50-day moving average price is GBX 7.45 and its 200-day moving average price is GBX 11.08.

About Tullow Oil

(Get Free Report)

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.

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