Tullow Oil (LON:TLW) Shares Down 7% – Here’s Why

Tullow Oil plc (LON:TLW)’s stock price traded down 7% on Friday . The company traded as low as GBX 9.67 and last traded at GBX 9.77. 50,013,082 shares changed hands during mid-day trading, an increase of 290% from the average session volume of 12,808,224 shares. The stock had previously closed at GBX 10.50.

Key Tullow Oil News

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

• Neutral Sentiment: Paste the full article text into the chat.
• Neutral Sentiment: Or paste one link per line to each article you want summarized.
• Neutral Sentiment: Tell me if you want me to prioritize recent items, financial/production data, or corporate actions (e.g., asset sales, fundraising, management changes).

Analyst Ratings Changes

Separately, Panmure Gordon lowered their price objective 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 analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tullow Oil presently has a consensus rating of “Reduce” and a consensus target price of GBX 12.85.

Tullow Oil Stock Performance

The business’s fifty day moving average is GBX 7.05 and its 200-day moving average is GBX 8.72. 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 company has a market cap of £147.35 million, a PE ratio of -0.71, a P/E/G ratio of -0.19 and a beta of 2.08.

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.