Tullow Oil (LON:TLW) Trading Down 5.6% – What’s Next?

Tullow Oil plc (LON:TLW) shares dropped 5.6% during mid-day trading on Friday . The stock traded as low as GBX 9.67 and last traded at GBX 9.91. Approximately 51,155,926 shares traded hands during mid-day trading, an increase of 298% from the average daily volume of 12,839,970 shares. The stock had previously closed at GBX 10.50.

Key Headlines Impacting Tullow Oil

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

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Wall Street Analysts Forecast Growth

Separately, Panmure Gordon reduced their price target on shares of 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. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of GBX 12.85.

Tullow Oil Stock Performance

The company has a 50-day moving average of GBX 7.05 and a 200-day moving average of GBX 8.72. The firm has a market capitalization of £147.35 million, a P/E ratio of -0.71, a price-to-earnings-growth 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.

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.