Tullow Oil (LON:TLW) Hits New 12-Month High – Here’s What Happened

Tullow Oil plc (LON:TLW)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 23.25 and last traded at GBX 23.25, with a volume of 21500219 shares. The stock had previously closed at GBX 21.25.

Analyst Ratings Changes

Several equities analysts recently weighed in on TLW shares. Canaccord Genuity Group increased their price target on shares of Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a research report on Friday, August 14th. Peel Hunt reiterated a “buy” rating and issued a GBX 24 target price on shares of Tullow Oil in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of GBX 12.60.

Tullow Oil Trading Up 0.6%

The company has a debt-to-equity ratio of -892.65, a current ratio of 0.52 and a quick ratio of 0.63. The firm has a fifty day simple moving average of GBX 16.36 and a two-hundred day simple moving average of GBX 14.55. The firm has a market capitalization of £350.70 million, a P/E ratio of 57.87, a price-to-earnings-growth ratio of -0.19 and a beta of 0.55.

Tullow Oil Company Profile

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.