Tullow Oil (LON:TLW) Trading Up 23.1% – Still a Buy?

Tullow Oil plc (LON:TLW) shares rose 23.1% during trading on Thursday . The company traded as high as GBX 10.90 and last traded at GBX 10.50. Approximately 63,336,352 shares changed hands 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.

Tullow Oil News Roundup

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 lowered their price target 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 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, the stock has an average rating of “Reduce” and a consensus target price of GBX 12.85.

Tullow Oil Stock Up 23.1%

The stock has a market capitalization of £154.88 million, a PE ratio of -0.75, a price-to-earnings-growth ratio of -0.19 and a beta of 2.08. The company’s fifty day moving average price is GBX 7.05 and its 200-day moving average price is GBX 8.72. 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.

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.