Tullow Oil (LON:TLW) Shares Up 6.8% – What’s Next?
by Michael Walen · The Markets DailyTullow Oil plc (LON:TLW – Get Free Report)’s share price was up 6.8% during mid-day trading on Monday . The stock traded as high as GBX 13.62 and last traded at GBX 13.12. Approximately 20,215,207 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 20,167,600 shares. The stock had previously closed at GBX 12.28.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group raised their price objective on shares of Tullow Oil from GBX 7 to GBX 13 and gave the stock a “hold” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tullow Oil currently has a consensus rating of “Reduce” and an average price target of GBX 13.60.
View Our Latest Stock Report on Tullow Oil
Tullow Oil Stock Down 5.7%
The company has a market capitalization of £179.36 million, a price-to-earnings ratio of -0.87, a P/E/G ratio of -0.19 and a beta of 0.66. The business has a fifty day simple moving average of GBX 10.57 and a two-hundred day simple moving average of GBX 8.99. The company has a quick ratio of 0.63, a current ratio of 0.55 and a debt-to-equity ratio of -750.59.
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.