Tullow Oil (LON:TLW) Trading Up 23.1% – Should You Buy?

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

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon lowered their price target on shares of Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating for the company in a report on Monday, November 24th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tullow Oil presently has a consensus rating of “Reduce” and an average price target of GBX 12.85.

Tullow Oil Trading Up 23.1%

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. The company has a market cap of £154.88 million, a price-to-earnings ratio of -0.75, a PEG ratio of -0.19 and a beta of 2.08. The firm has a 50 day moving average price of GBX 6.96 and a two-hundred day moving average price of GBX 8.71.

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.