Tullow Oil (LON:TLW) Trading Up 23.1% – Still a Buy?

Tullow Oil plc (LON:TLW) traded up 23.1% during mid-day trading on Thursday . The stock traded as high as GBX 10.90 and last traded at GBX 10.50. 63,333,191 shares changed hands during mid-day trading, an increase of 439% from the average session volume of 11,745,138 shares. The stock had previously closed at GBX 8.53.

Wall Street Analyst Weigh In

Separately, Panmure Gordon decreased 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 report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Tullow Oil presently has an average rating of “Reduce” and an average target price of GBX 12.85.

Tullow Oil Stock Performance

The company has a market cap of £154.88 million, a P/E ratio of -0.75, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company’s fifty day moving average is GBX 6.96 and its 200 day moving average is GBX 8.71. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -1,776.31.

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.