Tullow Oil (LON:TLW) Trading 6.6% Higher – Here’s Why

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

Trending Headlines about Tullow Oil

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Wall Street Analyst Weigh In

Several research analysts have issued reports on TLW shares. Panmure Gordon dropped their target price on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research report on Monday, November 24th. Shore Capital reissued a “buy” rating on shares of Tullow Oil in a report on Friday, September 5th. Finally, Jefferies Financial Group cut their target price on shares of 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 equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of GBX 12.85.

Tullow Oil Trading Up 5.1%

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. The stock has a market capitalization of £94.70 million, a PE ratio of -0.46, a PEG ratio of -0.19 and a beta of 2.08. The stock has a 50-day moving average price of GBX 7.39 and a two-hundred day moving average price of GBX 10.99.

About Tullow Oil

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.