Canaccord Genuity Group Issues Positive Forecast for Tullow Oil (LON:TLW) Stock Price

Tullow Oil (LON:TLWGet Free Report) had its price objective upped by equities researchers at Canaccord Genuity Group from GBX 7 to GBX 13 in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 4.84% from the stock’s previous close.

Separately, Panmure Gordon lowered their price objective on 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 investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of GBX 13.60.

Check Out Our Latest Stock Analysis on TLW

Tullow Oil Price Performance

TLW traded down GBX 1.48 on Wednesday, reaching GBX 12.40. The stock had a trading volume of 36,008,512 shares, compared to its average volume of 13,640,587. The company has a current ratio of 0.55, a quick ratio of 0.63 and a debt-to-equity ratio of -750.59. The company has a market capitalization of £182.90 million, a price-to-earnings ratio of -0.89, a price-to-earnings-growth ratio of -0.19 and a beta of 0.56. Tullow Oil has a fifty-two week low of GBX 3.51 and a fifty-two week high of GBX 21.50. The firm has a 50-day moving average of GBX 7.85 and a 200-day moving average of GBX 8.65.

About Tullow Oil

(Get Free Report)

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.

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