Tullow Oil (LON:TLW) Stock Price Up 23.1% – Here’s What Happened

Tullow Oil plc (LON:TLW) traded up 23.1% during mid-day trading on Thursday . The company traded as high as GBX 10.90 and last traded at GBX 10.50. 63,336,352 shares were traded during trading, an increase of 439% from the average session volume of 11,745,229 shares. The stock had previously closed at GBX 8.53.

Key Headlines Impacting Tullow Oil

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Analyst Ratings Changes

Separately, Panmure Gordon decreased 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 report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of GBX 12.85.

Tullow Oil Price Performance

The stock has a fifty day moving average of GBX 6.96 and a two-hundred day moving average of GBX 8.71. The stock has a market cap of £154.88 million, a price-to-earnings ratio of -0.75, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. 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. 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.