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

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

Key Tullow Oil News

Here are the key news stories impacting Tullow Oil this week:

• Neutral Sentiment: Please paste the full article text or provide links to each article you want summarized.
• Neutral Sentiment: If you want prioritization, indicate which items are most important (e.g., corporate announcement, production update, asset sale, takeover rumor).
• Neutral Sentiment: I will produce an investor-focused summary (company name and ticker: Tullow Oil plc — TLW), explain why the stock moved, and list the specific bullish/neutral/bearish impacts with links to the source articles.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon dropped their price target on Tullow Oil from GBX 7.80 to GBX 5.40 and set a “sell” rating on the stock in a research note 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of GBX 12.85.

Tullow Oil Trading Up 23.1%

The stock has a 50 day moving average of GBX 7.05 and a 200-day moving average of GBX 8.72. The company has a market capitalization of £154.88 million, a P/E ratio of -0.75, a P/E/G ratio of -0.19 and a beta of 2.08. The company has a current ratio of 0.70, a quick ratio of 0.63 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.