Tullow Oil (LON:TLW) Reaches New 1-Year High – What’s Next?

Tullow Oil plc (LON:TLW) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 25 and last traded at GBX 24.15, with a volume of 8328437 shares changing hands. The stock had previously closed at GBX 24.65.

Analyst Ratings Changes

Several research firms recently issued reports on TLW. Canaccord Genuity Group lifted their price target on shares of Tullow Oil from GBX 14 to GBX 15 and gave the company a “hold” rating in a research report on Friday, August 14th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 24 price objective on shares of Tullow Oil in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of GBX 12.60.

Tullow Oil Stock Performance

The company has a debt-to-equity ratio of -892.65, a current ratio of 0.52 and a quick ratio of 0.63. The company has a market cap of £365.88 million, a PE ratio of 60.37, a P/E/G ratio of -0.19 and a beta of 0.55. The company’s fifty day moving average price is GBX 16.82 and its 200 day moving average price is GBX 14.74.

About Tullow Oil

Tullow is an independent energy company committed to building a better future through the responsible oil and gas development of its core producing assets in Ghana. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW).

For further information, please refer to: www.tullowoil.com.