Tullow Oil (LON:TLW) Trading Up 11.7% – What’s Next?

Tullow Oil plc (LON:TLW)’s stock price rose 11.7% on Thursday . The stock traded as high as GBX 9.85 and last traded at GBX 9.53. Approximately 26,164,666 shares traded hands during mid-day trading, an increase of 145% from the average daily volume of 10,683,180 shares. The stock had previously closed at GBX 8.53.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon decreased 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 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of GBX 12.85.

Tullow Oil Stock Up 15.8%

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. The stock has a market capitalization of £145.73 million, a P/E ratio of -0.71, a P/E/G ratio of -0.19 and a beta of 2.08. The stock’s 50-day moving average price is GBX 6.96 and its two-hundred day moving average price is GBX 8.71.

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.