Tullow Oil (LON:TLW) Stock Price Down 32% – Time to Sell?

Tullow Oil plc (LON:TLW)’s share price fell 32% during trading on Friday . The company traded as low as GBX 5.22 and last traded at GBX 5.80. 252,678,047 shares changed hands during trading, an increase of 2,726% from the average session volume of 8,942,191 shares. The stock had previously closed at GBX 8.53.

Analyst Upgrades and Downgrades

TLW has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on Tullow Oil from GBX 12 to GBX 6 and set an “underperform” rating on the stock in a research report on Monday, October 20th. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a report on Friday, September 5th. Finally, Canaccord Genuity Group cut their price target on Tullow Oil from GBX 16 to GBX 10 and set a “hold” rating for the company in a report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Tullow Oil presently has a consensus rating of “Hold” and a consensus price target of GBX 15.33.

Tullow Oil Stock Performance

The company has a market cap of £85.67 million, a P/E ratio of -0.42, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The stock has a 50 day moving average price of GBX 9.96 and a two-hundred day moving average price of GBX 12.75. 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.

Tullow Oil Company Profile

Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. The Company’s operations are focused on its West-African producing assets in Ghana, Gabon and Côte d’Ivoire, alongside a material discovered resource base in Kenya. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030 and has a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations.