Tullow Oil (LON:TLW) Shares Down 11.8% – What’s Next?

Tullow Oil plc (LON:TLW)’s share price was down 11.8% on Monday . The company traded as low as GBX 6.44 and last traded at GBX 7.15. Approximately 18,608,701 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 10,902,854 shares. The stock had previously closed at GBX 8.11.

Analyst Ratings Changes

A number of research firms recently weighed in on TLW. Jefferies Financial Group lowered their target price on shares of 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 decreased their price objective on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of GBX 12.85.

Tullow Oil Price Performance

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. The firm has a market cap of £112.69 million, a PE ratio of -0.55, a P/E/G ratio of -0.19 and a beta of 2.08. The business’s fifty day moving average is GBX 6.53 and its 200-day moving average is GBX 9.18.

Tullow Oil Company Profile

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.