Tullow Oil (LON:TLW) Trading Up 6.6% – Here’s What Happened

Tullow Oil plc (LON:TLW) rose 6.6% during trading on Monday . The stock traded as high as GBX 6.28 and last traded at GBX 6.11. Approximately 6,465,417 shares were traded during trading, a decline of 39% from the average daily volume of 10,522,629 shares. The stock had previously closed at GBX 5.73.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Panmure Gordon decreased their price target on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research note on Monday, November 24th. Shore Capital reiterated a “buy” rating on shares of Tullow Oil in a research report on Friday, September 5th. Finally, Jefferies Financial Group dropped their price target on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating for the company in a research report on Monday, October 20th. One investment 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’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of GBX 12.85.

Tullow Oil Stock Performance

The stock’s fifty day simple moving average is GBX 7.45 and its two-hundred day simple moving average is GBX 11.08. The company has a market cap of £90.12 million, a price-to-earnings ratio of -0.44, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. 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.

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.