Tullow Oil (LON:TLW) Shares Up 23.1% – Here’s Why

Tullow Oil plc (LON:TLW)’s share price was up 23.1% during trading on Thursday . The stock traded as high as GBX 10.90 and last traded at GBX 10.50. Approximately 63,336,352 shares traded hands during trading, an increase of 439% from the average daily volume of 11,745,229 shares. The stock had previously closed at GBX 8.53.

Key Headlines Impacting Tullow Oil

Here are the key news stories impacting Tullow Oil this week:

• Neutral Sentiment: Please paste the full article text or provide links to each article you want summarized.
• Neutral Sentiment: If you want prioritization, indicate which items are most important (e.g., corporate announcement, production update, asset sale, takeover rumor).
• Neutral Sentiment: I will produce an investor-focused summary (company name and ticker: Tullow Oil plc — TLW), explain why the stock moved, and list the specific bullish/neutral/bearish impacts with links to the source articles.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon dropped their price objective on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a research note on Monday, November 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tullow Oil has an average rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Stock Performance

The firm’s 50 day moving average is GBX 7.05 and its two-hundred day moving average is GBX 8.72. 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 stock has a market capitalization of £154.88 million, a PE ratio of -0.75, 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. 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.