Tullow Oil (LON:TLW) Trading 6.8% Higher – Here’s Why

Shares of Tullow Oil plc (LON:TLW) rose 6.8% during mid-day trading on Monday . The company traded as high as GBX 13.62 and last traded at GBX 13.12. Approximately 20,215,207 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 20,167,600 shares. The stock had previously closed at GBX 12.28.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on Tullow Oil from GBX 7 to GBX 13 and gave the stock a “hold” rating in a research report on Wednesday, March 4th. One 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 MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 13.60.

Tullow Oil Trading Up 6.8%

The company has a debt-to-equity ratio of -750.59, a quick ratio of 0.63 and a current ratio of 0.55. The company has a market cap of £193.52 million, a price-to-earnings ratio of -0.94, a P/E/G ratio of -0.19 and a beta of 0.66. The company’s fifty day moving average is GBX 10.35 and its two-hundred day moving average is GBX 8.95.

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.